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 Illinois Combine and their pals and family want to cash out of their land trusts and other “investments” all for an airport that no one is asking for and Illinois cannot afford to build and operate. See ‘Gary/Chicago International Airport’ for guidance on how this will play out. An airport with zero customers, but lotsa money for the “Haya doin?” contingent.
The pols bought lots of land around Peotone when this while airport idea was floated years back. The land is still there waiting, waiting, waiting for the descendants to cash in big time. I wouldn’t trust a politician as far as I could throw them. Think JB, not very far at all.
This airport will be the gift that keeps giving for democrat corruption