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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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Can’t fix stupid.
Is there a woker municipality in this country than Evanston? It’s already blowing the doors off of Oak Park.
Evanston is too close to Bowmanville.
And here I thought for sure that Evanston would take care of the descendants of Union soldiers in the second round.
I guess it’s just a confederacy of dunces in progressive Evanston.
I’m a descendant of two Union soldiers, born in Ireland, who served in Illinois volunteer regiments (from Decatur), and were killed in battle. Three others ancestors, also born in Ireland, served and were WIA. I was born and raised in Evanston. Could I get reparations for their sacrifices and service? Or maybe just a word of thanks from the black recipients of Evanston taxpayers’ largesse?
My god, it’s a like a reparations lottery! You can’t make this stuff up.
Living in Evanston is like living in an alternative universe with a script written by “The Onion”, lol…!!! Two recent “amusing” stories in the nooze here, read and laff: Like Oak Park, Evanston is intent on banning natural gas. Read down to the “comments” section, where despite me presenting the *fact* that electricity is not a *primary* energy source, the ignorance by the other commenters prevails, lol… City’s proposed natural gas ban heads back to drawing board https://evanstonroundtable.com/2024/01/12/evanston-natural-gas-ban-court-ruling/ “…Alderman Nieuwsma said Oak Park, which in June passed a ban on natural gas connections in new construction, is considering revising its… Read more »
All of which reminds us that there are no prerequisites to running for political office.
You can be as dumb as a bag of rocks and a total dolt and still be elected and allowed to decide how taxpayers’ money will be spent. (e.g. Mayor Johnson of Chicago)
Heaven help the unfortunate Chicago taxpayers who voted for Vallis, and are stuck with Mr Johnson. (Anyone who voted for Johnson or failed to vote at all are getting exactly what they voted or failed to vote for.)
Elections have consequences.