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.
When burger flippers are getting $15/hour, how can the rank and file not demand their fair share?
All part of the plan. Inflation is here to stay.
People see everyone else getting free money and pretty soon they start thinking, hey, what about me. I gots to gets paid! It’s a vicious circle and there’s plenty of gasoline tax money to get spent in an election year. Not to mention all the projects crammed into the build back better fiasco. And that my friends is how we get inflation.