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.
Prime reason why lifelong politicians are not a good idea. Burke, a multi millionaire attorney, insurance broker, real estate developer and alderman has to shake down whoever he can whenever he can for a few thousand dollars. In a public office for over 40 years breeds nothing but arrogance. Term limits now!
Enact term limits!!!
Who really gives a damn anymore, justice in Illinois it’s all but nonexistent. It’s nothing but a dog and pony show.