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.
There were plenty of good paying jobs across rural Illinois and then came along the Democrats war on coal.
Standard Durbin BS. Don’t worry about how we’ll measure the success of the program, just spend the taxpayer’s money, right Dick? When is this guy’s time up?.