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.
In the words of his dogwhistlemaster,Schumer he is ‘reaping the whirlwind’?
Attacked by constituent base? Reaping the whirlwind?
Reminded of Jack Benny:
Confronted by armed robber, Benny is asked: “Your money or your life?”
After a pause, Benny replies: “I’m thinking, I’m thinking”.