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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 report is nonsense. First of all, they call Chicago’s mexican population (which is the vast vast majority of the hispanic population in chiacgo) ‘latinks’ instead of hispanic or latino, so right there, all credibility is shot, and we as the reader know exactly what to expect… Then they straight up lie and say that people moving into the region are managers or professionals with higher incomes than those that are leavings. LOL, no one believes this nonsense. This of course coincides with the professional class illegal immigrant latinks whose population is ascendant, right? And those that are leaving are… Read more »