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.
The fact of the matter is we should not need any bill like this. Our freedoms and rights do not come from Government.
I support the bill – but we should not be in this situation to begin with.
Finally, a bill I can support.
If you agree, please contact your representative and hope that the bill doesn’t die in committee.