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 stopped reading 1/4 of the way through. Mr. Kass, how about losing the cuteness and “cleverness” and writing plainly? I think you may have something interesting to say, but your “style” is too off-putting for me.
Lots of Illinois pension money is being spent in Naples and elsewhere in Florida.
And a whole lot more of American money being wired across the borders and spent in its destination. I’m pretty sure that we are the only country that allows this.