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.
My office is moving out of downtown when the lease expires in 2021. Looking at space in suburbs. Bye-Bye Lori!
Master of the obvious… Why don’t you share this common sense based view of reality with LL and JB? Nah, you’re right, they simply wouldn’t understand it…