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.
Nonsense. What needs to happen is for cowardly politicians to stop caving into a violent fascist mob. Enforce the law!
Don’t worry the stupid illinois tax payer will clean all this up and vote dem again and again.