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.
The democratic machine wants nothing to disrupt the election of Cabrini Kim. And they are being helped by creep dan Webb who was protected by the machine years ago. It’s just simple payback for saving his career.