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.
I am skeptical that the same people who voted for Government largess won’t simply demand more Government in their new homes. Florida went from red to purple as people migrated from NY to FL. Note the socialist running for Governor of Florida is leading in the polls.