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.
About time the government and its employees faced the reality of the situation. Rumbling the taxpayer for more is not gonna work Madam President. No bail out from DC. My business was shut down by Government. I have barely survived, taking on a job at a hardware store to make some money, where at least I am deemed an ‘essential worker’. How can it be that issuing the annual car sticker notice to my home in May is considered essential? Why have government employees not been furloughed or suffered? Most received full pay AND a stimulus check, whilst on a… Read more »
Keep laying off! The world needs more dog groomers.