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"I wish Lightfoot had thoroughly investigated this one before she torched the cops at a news conference. But under pressure she needed to focus attention away from City Hall. And she trusted Bobby Rush."
Summary and audio linked here.
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.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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This was a set up and the cops fell for it. Dirty tricks, dirty tricks. Like I said in an earlier post, this is a metaphor for Bobby’s tenure in congress – doing nothing, eating popcorn and letting his district burn.