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.
There you go, Illinois, leading from the bottom!
Lard Boy lining his pockets
The highest taxes in the nation and the highest unfunded pension and benefits liability in the nation. Something isn’t working.
Question is when will it all come tumbling down and collapse