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.
It doesn’t matter because the lying democrats have conned people into thinking it’ll be somebody else who’s getting screwed
Fortunately on the ballot in Indiana is a constitutional amendment that forces the state to properly fund its pension system using actuarial recommendations.
Meanwhile Illinois has a very dark future ahead.