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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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Could someone please school me the reason the media treats LL with kid gloves. I’ve heard speculation fail to bow could result in Lori’s Ton Ton Macoute enforcement squad will send a flaming sled into abc7 studios.Chicago media don’t serve their readers, in fact they hate their readers. They only provide cover for all the corruption. The Tribune is begging for subscribers to take their money and then ignore the pests. Why did the Trib eliminate the comments? Maybe too many Trib subscribers commented on the beloved Rahm. He could tolerate being called names by the police, after all revenge… Read more »
Once again a controversial Wirepoints post attracts the Capital Fax scum with their brainless down votes. Rich, do you have nothing better to do on a Friday night? Come on. Give that dog of yours some love.
Lightfoot’s marriage to the white librarian surely must be turbulent, because Lori says she doesn’t like white folks, both in words and actions, louder and louder, as her term grinds on.
If you are a white resident of the city of Chicago, it is glaringly obvious that you have zero representation in your government…
You are useful only as long as you pay your exorbitant taxes without complaining…
On top of that, you will get no justice if you are the victim of a crime…
My tax dollars are green and colorblind. How about I start paying my taxes in proportion to how Chicago government serves me? I pay for the cops and the firefighters and everyone else can go pound sand (especailly CPS and CTU).
Finally, Kass drops the feigned love for Lori and tell the truth about her.
The big question here is: After all this would you still vote for Lightfoot over Preckwinkle? As for me, despite Lightfoots incompetence and abject capitulation to the teachers union I think that Preckwinkle would have been worse. So, sadly, I’m still OK with voting for Lightfoot over Preckwinkle. But then, I’d have voted for Herman Goering over Adolph Hitler. At least Goering had a skill and could fly an airplane.
The political tactic of offering voters a choice between terrible and even worse is as routine as divide and conquer. It’s not really free choice.