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.
More wasted resources.
Contact tracing was a joke from the outset, just like the Pritzker hospital at McCormick Place and the 20,000 ventilators Jabba said we needed. Just tell us who got the $230 million. It’s always nice to read about lottery winners.