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.
If Rahm is good at one thing, he does know how to kiss an ass. Really Rahm? You must have read a newspaper about those problems in China. What great insight you have to offer– on problems that everyone has been aware of for the last two years or more. And if only those silly Chinese had listened to that great wiseman Joe Biden– none of their problems would have ever developed. Joe must be so proud of his toady appointment.
Respectfully disagree. I think he got tired of the make-no-waves crowd in the State Dept. and Foreign Service, and decided that some blunt talk on China was in order. I think he did the right thing. You just don’t see our foreign policy establishment talking like Rahm did on this, but they should be.