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 “ups” ended on election day,
It sure is tough, especially when the job is big and the one in charge is grossly unprepared and completely incompetent.
Correct headline is: “The downs of Mayor Brandon Johnson’s disastrous first year – Chicago Sun-Times” There Sun Times. I fixed if for you. You’re welcome.