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.
What’s really concerning in that article is the report that documents can now be notarized remotely, thru the Secretary of State’s office. I guess that’s because computers aren’t sophisticated enough to fake images and voices, and there are never any scandals involving the Secretary of State.