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.
Really, 1 in 4 out of work in Illinois, begging for rent relief, mortgage assistant, food aide, kids out of school but yet these poor poor people still have money to spend on pot. Free stuff needs to end if people can spend this kind of money, priorities are all wrong.