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.
Later On, Larry!! FLUSHY!!!
No more Beetlejuice? Unfortunately the damage is already done.
No one thinks a politician will sell the taxpayer out in a NY minute.
Shut up and pay your taxes, the Ponzi Pension scheme must be funded.
Pay to play is the motto of Chicago and Illinois.
Pay more get less for the taxpayers.