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.
Welcome to Chicago!
I’m no fan of the Sanctuary City disaster — but this is messed up.
I hope whoever did this doesn’t get to walk out of jail under the new Illinois Democrat “GET OUT OF JAIL FREE” law