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If this bill passes, say goodbye to local control over all Illinois parks and expect to see open drug and alcohol use, needles, no sanitation and fire hazards, but no ordinary park users.
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.
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“High Minded”? Or just plain silly? You can’t help but laugh when you read the objectives of many of these line items. And the text of the Kestrel report makes it pretty clear two thirds of this money is just being frittered away on a bunch of Oregon greenie hallucinogenic dreams. Chicago is single-handedly going to solve the climate crisis while China, India and the rest of the world continue to burn coal faster than Chicago can burn taxpayers’ money. And nobody wants to talk about the interest rates being paid on these bonds (thanks to the phony structure with… Read more »