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.
There is going to be another civil war within the next 3 years
I appreciated the analogy to the Salem Witch Trials. It truly feels that way with lack of due process. It appears every generation goes through one of these cultural hysterias. This too shall pass.
No it won’t, not without bloodshed. You just wait and see, the revolutionaries are just getting started. We’ve watched revolutions in real time all around the world the last 10 years. They’re aiming for their own.