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.
Cook County has other budget priorities — its universal basic income program — Preckwinkle’s fave. Money for nothin.
Tim Evans, like his kindred spirits Kwame, Pritzger and others, wants empty jails at any cost. Letting him assume this disastrous notion of justice is like giving the fox the keys to the henhouse.
The motto on the Cook County flag should be “Catch & Release-Hug-a-Thug