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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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More bogus baloney from Rauol. Total joke. Only things he seems to do is sign on to woke class action suits, where the hard work has been done by states other than IL.
Tackle political corruption-no. Tackle pension abuse-no. Tackle unemployment fraud-no.
Just another “failed state” actor, contributing to the collapse of IL.
Yes, while I am not familiar with the inner workings of his office, he seems to do even less than Lisa Madigan, and Kwame seems to spend an inordinate amount of resources fighting the woke battles in other states. He seems completely unable to do anything in IL, having completely screwed up both defenses in the SAFE-T and Gun-Grabber laws. I read IIRC on gunssavelife that Kwame’s office missed a hearing and/or ran out of senior attorneys so sent junior attorneys instead to defend these major pieces of legislation. The office is filled with ideologues who grandstand on woke issues… Read more »
An utterly futile and stupid waste of state resources by Raoul.