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.
I remember how bummed I was after she lost to Blago in 2006. She lost by 11 points too, 50% to 39%. I remember after she lost the election (but not in her concession speech) she made some off-hand comment along the lines that the state deserves the politicians they vote for. And She was absolutely right, as Blago was actively doing all that corrupt stuff and in short time was about to appoint himself as Senator from Illinois. I know this sounds partisan, but Illinois Democrats really, truly, absolutely are, as a group, the dumbest, most low information group… Read more »