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.
Damn the cost! Full speed ahead!
Did JB ever put together a plan for his magnanimous gesture? I seriously doubt it – stupid head chicken.
Forget about the kids, I thought jb was vowing to convert all preschool workers into public sec/ seiu workers?
Toddler indoctrination camps. This will put daycare providers out of business in favor of union, government employee preschool teachers.