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.
Madigan will have to go with plan B. His lawyers will likely be presenting a note from a doctor that Mike is far too old and sick to attend his trial and participate in his defense. I still say he never does a day behind bars.
I’m betting with you on this!