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.
Another defund the police move that wants the wolves in charge of the sheep herd. Cries of “stop the violence” from the usual screamers who then want to end any effect law enforcement. Makes sense to me.