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.
This whole thing reeks like a hog farm on a hot August afternoon.
Fortunately, as Governor Tax Cheat well knows, the stench of fraud and corruption doesn’t bother those in his administration, most of the lame-stream Illinois media, and the bought-bribed-n-paid-for voters who always seem to be in the majority on Illinois election days.
If only the media cared enough to do their job. This will continue to get buried.
Pritzker’s ship is slowly sinking bye bye silver spoon