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.
I’m pretty sure if the post office quit delivering advertising and requests for charity organizations. The guy that picks up the recycling would be out of a job. But that could also require delivery 2-3 days a week. I see down sizing as a win win situation.