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.
What’s really disturbing is nobody in Springfield gives a damn, Illinois is and will turn into the largest welfare state in the union.
Worst run state in the union. Surprised?
-30-
nope! Peeps in IL are just as stupid to allow democrats to rule state. Cannot fix stupid>
Time for Jabba to come out and tell you to ignore the data and proclaim that Illinois is the bestest state in the whole wide world. The only numbers to be believed are the ones that Jabba’s minions publish.