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.
This is interesting for two reasons. 1–why are these illegals detting taxpayer help when so many Chicagoans could use it? 2– Why is there a vacant KMart? Probably because the business environment in Chicago was so bad.