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.
Its fun to watch lefties fight when one of them even remotely has a conservative notion such as opening schools. Extortion requires leverage, the union wants extortion at this time but sees a less dangerous pandemic as a threat to that plan. The pandemic has not been exploited enough, thats why they suddenly want to “bargain” about something as fundamental as having to drive to work.