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"Those of us who have been fighting to bring the Democratic National Convention to Chicago did so with the promise that those again would have a positive and good experience in the process," said said U.S. Sen. Dick Durbin.
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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I can’t believe Durbin said this publicly, even if he mumbles it privately. That quote will come back to haunt him and the DNC when the convention gets close. He is correct of course, but the disciplined Dems rarely deviate from their talking points.
Hey Durbin, 🖕
Big mistake by the dems to hold the 2024 convention in Chicago. Maga is sick, but maga’s 180 degree similar counterpart is Illinois-Chicago.
Il-Chicago is the worst political mess in the country and will be on full display next summer.