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.
Every election the Trib supports Madigan’s legislative majorities one candidate at a time. Partly this is because the opposition can seldom find a decent candidate to run against any Madigan stooge, making the Trib’s decision easy. In my district last election the Madigan stooge was a classy educated young person and the opponent was a narcissistic half-wit IMO. Who recruits hopeless candidates like this? If there is any Illinois Republican leadership outside of the crooks from DuPage, it is invisible. No wonder the rest of the collar counties are trending Blue. Then in the last election, the Trib was happy… Read more »
Well summarized. A “Guillani” period will be what Chi needs very soon in order to remain viable, but the Wait will be protracted as the Will needs serious time to build.