- The head of a government watchdog group says Chicago aldermen and others aren’t doing enough to help end the city’s growing pension crisis.
Lawrence Msall, president of the Civic Federation, says he was surprised that City Council members, during their day of pension hearings this week, said it’s only state lawmakers who can help lower the city’s $17 billion in unfunded pensions.
Msall says the city could increase its pension contributions as one way to reduce the liability.
He says there is no one advocating for that in Springfield.
No shit Larry - that would mean having to cut a whole lot of entitlement spending that gets democratic politicians reelected. And raising taxes isn't very popular either. No wonder the aldercreatures claim only the state lawmakers can save them from this disaster - the same state lawmakers that have Illinois in hock to the tune of $88 billion or so.