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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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Clearly a bribe for votes scheme.
LaShawn, I occasionally need some relief up in Bowmanville. How’s the cat house project coming along? Let’s put some of those illegal hotties to work and at least they won’t be a public charge.
Hot off the presses…!!! https://amgreatness.com/2023/01/19/chicago-offers-textbook-case-of-woke-neoliberalism-in-action/ Chicago Offers Textbook Case of Woke Neoliberalism in Action “Since the recent passage of Illinois’ much-reviled SAFE-T Act, which hamstrings law enforcement several perverse ways, conservative pundits have been taking digs at the Land of Lincoln. Most have focused exclusively on the new law, only occasionally taking note of the already poor law enforcement situation in Cook County. Part of the reason for this is that the Windy City’s dysfunction, if examined fairly, would indict the political Right as much as the Left… …Had the city simply white-knuckled it through budget shortfalls in 2008 or… Read more »
Articale doesn’t give a total $ amount for program? But I’m kinda surprised the “free stuff” covid $bucks$ giveaway-palooza isn’t in full gear /over drive with mayoral election on the ropes?? what’s up??
If Lightfoot wasn’t shaking down drivers with crooked camera tickets, parking tickets, and excessive taxes and fees for drivers, there would be no need for a “debt relief” giveaway