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.
To compare the old “ city that worked “ to today’s utopian, progressive mess is really a waste of time. An over abundance of welfare recipients, funnin youths, unrepentant, repeat offenders and people that live one day at a time has turned a once great city into a crime ridden corrupt shell.