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.
Guessing a whole lotta union workers were executing this demolition and responsible for its mitigation, from the construction trades to CDOT to firefighters and beyond. All this preaching about the power and value of highly-trained union labor, nevertheless the end result was a cloud of toxic dust.
This cannot be caused by pure incompetence. The only explanation that makes any sense, to me at least, is racism, pure unadulterated racism, stemming from centuries of inequities, starting at the top with Trump and the federal government.