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.
Just wait until word gets out that if you come to Chicago you have greatly increased odds of being mugged or worse. Driven by the fact that we don’t jail repeat felons. That will take us down a fast elevator ride to the basement in this survey.