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.
Great quote from the Gov that will be used to destroy his chances of ever getting elected to anything beyond Illinois. I guess he and his staff haven’t watched the surge of right to work legislation passed all around the country.