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.
“This is a pernicious legacy of segregation, residential redlining and the 2008 foreclosure crisis,”
I tire of the constant drumbeat of racism. If it isn’t racism, it’s Putin’s or Trump’s fault.
This tendency to attribute any deficiency to anyone but the people responsible is wearing thin.
Always remember the little boy who cried ‘wolf!’