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.
IDES is still taking out for me,I’m 64,and for my generation it’s still an embarrassment to get unemployment,and having to pay back money is like a kick in the nuts, but I didn’t loose my business,and income the government,and shutdowns took it away. I try not to swear when writing opinions down,but it gets hard not to.