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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 mayor’s voters have been living with high crime since the 1960’s. The murder rate has been high for decades. He could care less than traditionally safer neighborhoods are experiencing crime like he has been for decades. Heck, not even two weeks ago, the mayor’s neighbor’s across the street dismembered a prostitute and threw her body in the alley. He looks at you, complaining about your car being broken into, or your gas grill be being stolen, and he plays the world’s smallest violin for your problems. You didn’t vote for him, he lost your fancy white neighborhood, and now… Read more »
Excellent summation, lol…!!! I know people who actually support him (they are white), all I can do is shake my head and walk away when they start talking this rot…
I coughed up my teeth.
With the high violent crime rates in Chicago, very few people besides BJ can say with a straight face that public safety efforts are paying dividends.
OJ Simpson also lived out his pain in the most violent way.
Paying dividends to evil public employees. Illinois public employee unions are the filthy cancer that is killing Illinois
BJ The Race Clown is just as delusional as BIG DICK Larry Lightfoot
Nothing but lies.