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During her final weeks in office, Lightfoot said the city was "completely tapped out" and declared a state of emergency.
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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Easy to virtue-signal. Hard to accommodate reality.
Soooo! This is what you see at the bottom of the barrel.
They haven’t become border hawks. They just want more money.
It’s too late, the damage is done. It’s all so sad and pathetic.
Funny how the financial reality of virtue signaling hits home, then they do a 180. At any rate, Biden is doing nothing. Obama is in his 3rd term, calling the shots. Biden just drools and eats oatmeal. And the Durham report shows Obama is the Big Guy, not Biden.