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 answer is simple: DEFUND THE BOARD OF EDUCATION. It is nothing but a marxist indoctrination center that teaches the children to hate America. Why should we pay for that?
Fingers tied behind back.
Ponzi Scheme
The Chicago politicians are addicted to debt as a druggie is to drugs.
Neither ends well.
Terrible