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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 ‘journalist’ holds herself to be a housing advocate, yet, her naivety of basic courtroom decorum shows how uninformed she actually is. For example, she complains that lawyers’ cases get heard first before unrepresented people. She doesn’t explain why or even care why they do that. Even though it’s done in every courtroom in every county in the country. It’s because many lawyers only have one or two cases and they have to be in multiple courtrooms at the same time, while most of the unrepresented defendants litigants all have the same plaintiff’s attorney, who will be in that courtroom… Read more »