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’m shocked – SHOCKED! I tell you – to read an article that makes it incontestably obvious that Big Hospital and Big Doc and Big MCO are working hand-in-hand with Pritzker’s administration to line the pockets of “insider” businesses-n-politicians with taxpayer dollars in return for influence-n-votes.
Not in Illinois, of all places! The authors must be mistaken.
Oh, wait a minute, one of them reports for a PBS station.
No matter, I’m sure that the Tribune and the Sun Times will be right on it….