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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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LETTER TO THE EDITOR: Return Columbus Statue To Little Italy. Before The Mayor Spends $6.8 Million On New Monuments, Perhaps He Can Return The Christopher Columbus Statue To Its Rightful Place In Little Italy. This Would Be A Good First Step For The Mayor And Would Show Us That He Cares About All Chicagoans, Not Just Only Certain Groups – Chicago Sun-Times
This is not your city anymore, deplorable. However, this recent push to memorialize blacks with street names and statutes is really akin to whistling past the cemetery, as Chicago’s hispanic population surges at the expense of the blacks. Before long, Chicago will be renamed Nuevo Oaxaca and there’s not a dang thing any of us can do about it.
Given Chicago’s known financial woes, this is wasteful spending of taxpayer monies, City Hall again virtue-signaling while neglecting basics of municipal government (infrastructure maintenance, trash pick-up, policing and fire protection). Municipal services are underfunded , disregarded unless aligned with progressive agenda talking-points.