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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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He lost his credibility with Toiletgate and still got elected.
And may and I say may get re-elected because the tyrant is saving LIVES signal handily, you the man Pritzker.
“If the Legislature approves the new Congressional map, the Democratic Governor will likely be a rubber stamp.” There are no bills to veto in the current Springfield veto session because he rubber stamped all the bills already. He lost his credibility long ago. As for the “years of hyperbolic moralizing about Republican gerrymandering” the current talking point is that they can’t unilaterally disarm because Republicans are gerrymandering too. Republicans gerrymander but not nearly as brazenly. Even TX gives a third of their seats to Democrats. The bigger issue here is that DC is looking straight at IL and NY as… Read more »