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.
I told you, they intend to cram through as much controversial legislation as quickly as possible late into the night on the last day before going home.
Ironically, there are no vetoes to override this veto session. This is just pure CCP Politburo authoritarianism.