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.
Big Government is investigating Big Government to find out why Big Government screwed up again! Will Big Government blame Big Government’s latest screw-up on underfunded and understaffed Big Government?
Thanks for the laugh, great post. Of course the rumors of problems are only misinformation spread by fear-mongerers playing politics. Everyone knows that.
Forgive me if I end up stealing those lines. I just got a claim, too — fraudulent claim using my name.