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.
So goat hoof stew and menudo instead of what people actually eat? Yeah, that makes sense. Good luck with the pizza/ Cheetos/ soda pop imbibing crowd.
The actual executive order hasn’t yet been posted, so all we have is the press release. We can have fun guessing what it’s going to require.