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Activists say the needs of struggling communities in Chicago and elsewhere vastly exceed the trillions Congress has spent and the additional trillions it is now considering.
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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You can’t always get what you want! Urgent needs? Like what? Go after the corporate directors for community engagement! They’ll virtue signal and paint your schools!
All the money in the world is not going to “save” these failed neighborhoods. Until certain people change their asocial behaviors, it is hopeless…