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.
Well Governor instead of blaming the citizens that didn’t pass your tax hike perhaps you should consider that these citizens are tired of all the runaway spending.
Over $200 million of that debt is unfunded pensions and retiree healthcare benefits, I think they made a boo boo shouldn’t it be 200 billion plus??? That would be a blessing if it was 200 million.