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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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Don’t kid yourself. The “ Tiny Dancer “ is waiting in the curtains to pick his moment.
And among almost all the people that know him, he is known as one of the all time big a–holes. Rude. Arrogant. Pompous. Crude beyond belief in private conversations. In addition to those negatives mentioned in the article, he saw the writing on the wall for the Chicago budget, did nothing about it, ignored the huge pension problem completely, and then boogied out full speed to Japan to try to act like a diplomat. And in Japan, they are happy to see him leave because of his goofy comments about gays, Japanese national defense and numerous other things. Lord help… Read more »
Who cares about this rats political future
Tough little Rahm, pretending the Laquan McDonald family payoff to keep them quiet doesn’t matter. Of course, you really can’t count on Illinois voters to do the smart, or right, thing. He’s scum, and that’s being polite. Go get a real job ballerina boy.