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.
He is so vague and empty, it’s truly stunning. How about they try to help fix Chicago before they change the world? Because they’re clueless, that’s why. No good ideas, no concrete, helpful idealogy buttressed on freedoms, education, personal responsibility and eventual career in capitalist ventures, or just plain jobs not centered around government. The don’t really like capitalism, that’s why they’re so vague about everything.