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.
Democrats should be limited to no terms in office
With all the problems Chicago has, what mayor can survive two terms? If some mayor can solve the crime, fiscal, CPS problems, they would deserve more terms.