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.
It my understanding, supposedly the $60 mil BIG grant moneys are from fed bailout and are to be used for covid related expenses only? But is the other $25 mil being distributed for racial unrest/ rebuild after looting, etc also from fed bailout thats only supposed to be used for covid related expenses? Point being, because now you read a lot of stories pushing the political narrative by dems that racial inequalities ARE part of covid related expenses, (spending on covid can’t be seperated from blm)…i.e. big picture/ big dem grand plan being after dems hope to take wh and… Read more »
We’re, just were is this money coming from.