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.
17,000 objections, 17,000 OUT votes next year for Governor Freddie and beyond.
Why am I not surprised they drop it.
I can tell you this. Folks I speak too are very VERY angry about what is happening in Illinois now. Many from downstate.
Like the “Fair Tax”, if folks have a reason to come out and vote next year then Freddie is done.
I believe they have a reason. The utter lawlessness, corruption and money laundering happening in the state right now, all on the taxpayer dime.
The decimation of the private sector.
Power to the people.