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.
More duplication of government to keep friends and family with a paycheck. How about instead of adding to something already existing, we devote some energy to tracking down the “ minor attracted “ that haven’t registered a change of address in years and no longer resemble their mug shot. Not letting private companies that get paid by the taxpayers sneak the “ minor attracted “ into unsuspecting neighborhoods.
Isn’t that the issue AG Kwame Raoul campaigned on? Did he have any participation in this? Or is he finally “getting started?”