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.
So…. let me get the thesis of the article straight: “I don’t like Trump so I’ll commit political and financial suicide”, and this will help me how? Madigan may or may not win his district like all of the various legislators. We’re going to see just how stupid Illinois residents are this fall. Either way, someone is going to get an education.