Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Tiffany Henyard is obviously a novice. She now has a complete revolt of the chumbolones on her hands. She learned nothing from the Daleys, Burkes, Bidens, Pritzkers and the rest of the grifting class. You don’t grift in the sunshine or you get burned.
The political pros do their grifting in the dark shadows, leaving no breadcrumb trails for the Feds to follow.