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.
Good move. They should also cancel every pending and future blue label sale and all direct sales to government entities in Illinois. https://us.glock.com/en/buy/blue-label-program
Make this virtue signaling and blame shifting hurt.