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.
What the vendors should do is raise their prices twice as much as they would have then lower it by 3% then tell Brandon look we lowered the price just as you asked. No different than non stop cost overruns.
This is Pin-head’s plan to balance the budget. No cutting of “da programs” or reduction in work force, or perhaps a reduction in salaries (like private business sometimes does) or focus on waste, fraud and abuse….nope…lets ask the vendors who were awarded projects and work by the City to take less money…that’s the ticket. Pin Head.
Spend, spend, spend Dems have a habit of trying to pay with bits of string and a recital of their latest self penned poem when the check comes around.