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.
Read it closely the great legislators included themselves in it with another pay raise, the balls of the people in Springfield you are nothing more than a bunch of losers.
No need to read it closely. Unless legislators introduce and pass a separate bill that changes their pay, then they automatically get a pay raise each year. Even if they don’t include the raise in the budget they still get the raise. No need to scan a budget to see if they included it.