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.
Funny how “ we need more help “ is the mantra, yet when a vilified police force patrols the area, they are being “ overpoliced “. When the rare arrest is attempted, out come the folks in the community to throw rocks, cuss at and generally stop just short of a full blown, rumor incited riot. You can’t win with the mentality some of these residents have.