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.
All three are useless at best, evil at worst. Typical of Illinois scumbag politicians, their every action is in their interest, rather than the taxpayers’.
Might be time to get out while I can. They make Florida appear to be awfully attractive.