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.
That’s a “No Sh!t” moment if I ever heard one. Moderna to the sticks; Pfizers in the urban areas. The problem is we have a bunch of public health ninnies running the show.