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.
No application needed. What could possibly go wrong?
Each affected household should be given a
Bucket, mop and gallon of bleach, done!
A transparent government would either: 1) create an application process with explicit criteria; or 2) work in an orderly fashion in a single area as determined by the most efficient use of resources or largest sources of harm (disclosing both the selected area and the reason the area was selected prior to starting work). This non-disclosure “trust me” approach simply means politically connected people will be rewarded. Interesting that $5M can be spent without criteria and/or oversight. What is the source of funding?
You are the source of funding. You always were, you always will be.