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.
The state of Illinois can afford to pay a little extra to get to the hard to find necessities. After all, when the pandemic hit, we had a rainy day fund of almost $62,000.
When the ‘price-gouging’ is from companies owned by people connected to Chicago Democrats, why would their be an investigation?