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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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The Tribune is as failed as the city itself; they go hand in hand.
I wonder how many of the woke-n-progressive glitterati who endlessly identify White people as racist and hateful have been cancelled by the Chicago Tribune?
It’s a “no one is allowed to say what lots of people really think” moment. Simple fact is that lots of folks belonging to a variety of ethnic/racial groups don’t like what much of Black culture has made of itself in our country. Failed families, failing students, pestilentially pervasive intergenerational poverty, criminality (much or most of it Black on Black), angry unending “victimhood”. All this inadequately mitigated by over half a century of Great Society guvmn’t interventions and, literally, trillions of taxpayer dollars. What we’re doing and how we’re talking about it isn’t working, and doing more of the same… Read more »
Excellent.
The video of Adams’ full comments is here: https://www.youtube.com/live/K6TnAn7qV1s?feature=share
He stuck his foot in his mouth big time.
It appears this was no slip. From the video is is clear he knew what he was going to say, and he surely must have anticipated the reaction.