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.
This is Loris patronage program to get re- elected on the south and west sides. These are political workers and father pervert mike is allowed to do anything . Where is the crooked inspector general Ferguson? Of course nothing will happen due to systemic racism.
This has been driving me nuts since the pandemic began. It is nice to see the author looking into how the “stand arounders” have been funded.
This program has been a hustle from the start!