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.
Don’t expect combine RINO Webb to come up with a real report critical of Foxx. Webb owes the Democratic Party plenty after they bailed him out of his problem years ago. Chicago political types know exactly what I’m talking about.