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.
If successful, it proves we’re better off giving poor people money directly than subsidizing county services.
We get to do both!
Folks, if you’re not stacking by now there’s nothing that will convince you that the dollar bill will be cheaper than TP soon.