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.
Ya know the scene toward the end of Animal House where Kevin Bacon is in his ROTC uniform standing on the sidewalk yelling, “all is well”! – All is Well!” His reaction to the Chaos going on around him is the poster child of what is happening in the world today. Chaos…but our elected stooges are yelling “pay no attention to the chaos happening around you…all is well. Articles like this are posted every day…what does it say about a society that accepts this crap. Sheesh.