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.
“Earlier this week, our worry was that Operation Legend might be nothing more than a replay of the anti-civil-liberties outrage being pursued by the Department of Homeland Security in Portland, Oregon.”
Passing off nonsense like this as informed opinion is a big part of the problem in Chicago, providing cover for a derelict mayor.