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.
Chicago’s minimum wage laws may be a barrier to the creation of full-time that keep people out of poverty.
Maybe, but remember, they have to be willing to work for a living. To some, that’s a very distasteful concept.
the fly in the ointment