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.
The guy lied in an effort to impede a federal investigation. The fact that his friends would write nice letters is meaningless. End of story. Enjoy your little getaway Timmy.
The Dem Cook County Machine trying to help one of their own in Mapes.
Mapes will be moving to the top bunk in Marion once the Illinois Dem King Mikey Madigan is convicted by the Feds.