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.
Never before in my life have I been so glad I’m a small town southern bumpkin. Low costs, warm Winters, low taxes, good schools, patriotic gun laws … and then there are places like Chicago, “That Toddlin’ Town”. Yeah I know, I am such a jerk and a deplorable too boot. Got to run now, we’re picnicking at the lake today and my son and I need to fill the tanks in the trucks and boats. Yous guys have fun now, ya hear.
If I were nearby I’d seriously ask if I could come along on that picnic.