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.
Bringing outstanding leadership from Chicago to all of Illinois teachers….only kidding. The State of Illinois is doomed.
It would be nice if CTU was more concerned about education, not power and money.
Need to allow state bankruptcy and outlaw public unions
Neither will happen.
Bleah.