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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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St Clair County, home of Dick”Turban” Durban. One of the 5 or 6 reliable democrat counties in the state. What other drivel would one expect to hear.
Zephyr Window – a real moron -you’ve got my vote!
Exactly, like any Democrat judge in the state is going to criticize the law. Which begs the question, if there’s no discernible difference, then why even change the law in the first place?