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.
Who will pay the $10K fine for every violation perpetrated by looters/rioters since they are assembling in large crowds? You can not have too many patrons in a restaurant but as many as possible if you a looting. Maybe there is a special “looting” permit doled out by city officials that I am unaware of.
Seems strange that a city starved for cash has the money to pay inspectors to do these checks. Stranger still that the recent shut downs are in only two wards. Guess the small businesses didn’t fully pay their bribes to the aldermen.