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.
The prevalence of known bunglers making key decisions needs attention. Whoever compiled the holiday testing effort should be on a shovel somewhere. We continue to appoint ineffective cigar store Indians to key positions. Small armies of known dopes run the city, CPD and CTU! It’s all on Lori! She can’t attract talent, no one wants the middle chair in a bonfire!