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.
As the covid “free stuff” $bucks$ dry up, will low income CC residents head for the exits along with everyone else?…is that a concern for are equity hustler heros–toni & the dem machine?