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.
When people talk about campaign finance reform, this the exact reason it is needed. I guess they only speak up when it is the Koch Brothers who are funding an initiative.
Essentially he is buying the state of Illinois and this is somehow legal? This is when the fed needs to step in and take control!
I assume one way or another jb is drawing the $51.5 mill from Pritzker family’s tax free/tax sheltered offshore trusts?
Probably not his money.
He just claims it is.
Disgusting that he can politically donate a tiny fraction of his billions so that we can all pay higher taxes. He is a fat, disgusting, evil man.