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.
Since there are 71,123 farms in Illinois (per Google), 170 farms is a “negligible” amount I’d aver…
Unless the farmers are producing steaks, seafood, Flaming Hot Cheetos, frozen pizza and soda, I’d say that the well intended program has had a minimum positive effect at best.