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.
Of course they will vote for a strike. No one in Chicago has ever had the nerve or spine to stand up to them. They will get everything they want and more. Taxpayers, “What do you have in your wallet?” Get it out and surrender it to the CTU.
Would you support a strike? Do you like your kneecaps?