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.
Two power hungry and greedy old men will be fighting to remain free the last few years of their pathetic lives. Kind of warms the heart.
Much of politics is a bunch of old folks who refuse to get out of the way: Preckwinkle is in her 70’s, Jesse White is almost 90 years old, Madigan, Burke, and plenty of other bureaucrats in positions of power are way past their expiration date. Our government at all levels is full of Tony Fauci’s who refuse to retire and get out of the way for younger people to move up.
Biden, Pelosi and Feinstein are all showing serious signs of mental capacity decline. I’m sure there are plenty on the right as well. It is not okay.