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.
This is purely political. Republicans control redistricting for more house seats than Democrats after this Red Wave election in Nov. 2020, and the states that will be gaining seats in congress are all Red.
But if Republicans can’t redistrict because they don’t know how many house seats they’re gonna get….