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.
Again, draconian cuts to services does anyone in Springfield have any clue as to what to do. Apparently not they are all blind to the signal one issue of Illinois problem PENSIONS, problem is nobody in the statehouse has the brains or the will to tackle the problem. Nothing but a bunch of money hungry stealing politicians and everyone of you know it. I honestly do not believe they understand what is forthcoming in this state as to how serious the situation is, teachers retiring at record numbers keep going keep retiring you fools. Checks and balances hypothetical 10,000 teachers… Read more »
Does she not realize that the Dems are the ones in the Senate who would not go for the stimulus.?
Idiot.