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.
He needs to give to the bankruptcy trustee. This is criminal. If you end up with a stolen bike, you don’t give it to somebody else to fix the problem. You return it to the owner!!!
How about giving it back to the people he stole it from