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 story shouldn’t end with a fine – she should lose her position and any pension that may be attached to the job.
The only way to stop this nonsense is to STOP THIS NONSENSE.
A dismissal would go a long way to make the rest of the political crooks start thinking “am I next?”