Liberals want pensions to violate fiduciary duty by selling profitable investments

from PrairiePundit by Merv Benson:

Liberals want pensions to violate fiduciary duty by selling profitable investments: George Will:

Politics becomes amusing when liberalism becomes theatrical with high-minded gestures. Chicago’s government, which is not normally known for elevated thinking, is feeling so morally upright and financially flush that it proposes to rise above the banal business of maximizing the value of its employees’ and retirees’ pension fund assets. Although seven funds have cumulative unfunded liabilities of $25 billion, Chicago will sacrifice the growth of those assets to the striking of a political pose so pure it is untainted by practicality.