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.
Wondering here if now that Judge Kilbride, who lost retention despite receiving $550000 from Madigan’s Democratic campaign committee, if the decision will be any different than the usual rubber stamp of Illinois finances as crafted by the status quo Democrats.