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 never have understood how putting something that’s round and 8 inches long between your lips and sucking on it makes you cool. Sounds like a Freudian slip to me.
That’s a lot of cigars to donate $50,000 to political campaigns!