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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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Street Ambassadors ? Chicago needs Rooftop Koreans
“We are not going to be a part of treating one neighborhood differently than another based on whatever reasons,” Brown said. Is that so, Brownie? How about the one neighborhood that is swarming with with about 100 cops permanently assigned , just because her royal highness, the mayor, lives there? There isn’t one word that comes out of this mayoral suck ups mouth that is the truth. Is there any other neighborhood that has that type of manpower focused on a single residential home?
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