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.
Right. Pritzker/Madigan have budget options that don’t include draconian tax hikes or a machete but since IL Democrats work for Public Sector Unions then the are who will be favored and protected. The chumbolone peasants who voted against the tax hike will be punished and made to know their place in Illinois: “Shuts yer yappers and hands over youze tax moneys.”
I do not believe one word out of Lard boy’s mouth.
How ?