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.
Wow. What a massively idiotic take on basic economics. Only a socialist or a Democrat r a moron would make such absurdly inaccurate statements. What next? 2 + 2 = 5? Up is Down?
Time for Wreck it Ralph to retire. Government spending does not boost the economy.