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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 fattest rats smell the water first….
Nice to see an article addressing crime in Chicago from residents’ perspective, but unfortunately, filtered through the lens of Relitters. It is clear from the article that Relitters are trying to avoid the stigma of ‘white flight’ all over again but that’s clearly what is happening. The larger pictures is that whites in Chicago may have plurality, but they are not the majority, and they have no allyship with blacks or latinks when it comes to issues affecting them. “Let’s all work to solve these problem.” Um, OK.Chicago is doomed. Underlying all of this, of course, is the city relitters’… Read more »
“Is Chicago at an inflection point? Will my neighborhood collapse? I didn’t have an answer for him except to say that crime is everywhere, and my alderman is an avowed conservative.”
debtsor not having an answer? hahahahahhahaha
I know you might find it shocking, but whatever you read posted her is not at all the true persona(s) of the person(s) behind the mysterious debtsor….
I can only speak for myself, but I did not create the city’s ills and am under no obligation to “heal” Chicago. No one I have ever voted for in this city has won an election. I’m not to blame for the crime, the failed schools, the selling public assets (parking meters come to mind), that’s all on the Democrats who have controlled the city for several lifetimes.
I voted for Rahm. He was the last good mayor Chicago will ever have. I know Rahm is a controversial character, but at the time, he was a normie Democrat (hold your nose but tolerate). These progressives we have in office now are clowns intent on turning Chicago into Nuevo Caracas.
Why should anyone stay in a city controlled by union racketeers that fails on every level