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.
I cannot believe how this story is circulating in the news. The cops are being reprimanded for conducting a LEGAL sting operation in the vicinity where guns are being stolen from train cars. This story infuriates me. Read the write up on this on Capitol Fax yesterday and Rich Miller making excuses along with many of his clueless readers. Or the segment dedicated to this incident on Chicago Tonight. As if this is a debate about who’s in the wrong. THIS insanity is why this city is struggling with crime. People seem unclear on who the criminals are.