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.
Best guess they are now all qualified to perform in the Nutcracker Ballet in tutu’s. LOL
Let me guess; Blagojevich has become a prof!
The catch is all their degrees are in journalism.