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.
I missed it on the first read that the protests were CTU sponsored. Of course they were. Who else would come up with a demand for $100 stipends per month to cover internet costs? Only those who believe there’s a magic money machine somewhere…