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.
They’re still moaning about Rahm closing schools couple of years ago. Imagine if those schools were still open. Meanwhile, red neck states like Louisiana, Alabama, and Mississippi are improving their education systems where their grade schoolers are surpassing CPS students.