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.
Ha, ha! Thanks for the laugh Mr Vallas. Politics has been the backbone of hiring and promoting in the CPD since it was brought into existence. Your Clout, or your Chinaman are the famous words to really be successful. A certain percent make rank but many spots are filled by the who ya know crowd and that will never change.