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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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It’s rare for Congressional hearings to amount to anything really. Occasionally there is a sound bite, or a clip played on the radio, but they amount to nothing, the only memorable hearing was when the DEI Ivy League presidents refused to condemn Hamas loving students, which lead to several ousters. Aside from that, it’s mostly a nothingburger. However, BLM Brandon is a unique case, we’ll see how well he performs. He’s pretty slick – stupid – but slick, and he is likely to talk his way out of whatever they throw at him, no matter how absurd he sounds. The… Read more »
I don’t see how this can possibly end well for Brando. The Republicans will bait him until he comes unglued. I expect significant references to decades of community disinvestment. He should bring a translator to explain the word salad he will be spewing.
This will be great theater next week. And I predict His Buffoonery will be a national story of lefty, irresponsible, and deceitful government and will hurt Democrats all over the country.
I hope that the mayor will not need some sudden emergency care right before he testifies like needing a haircut or manicure.
“Johnson is likely to face a much more hostile environment when he testifies before Congress than when he takes reporters’ questions…”
Thank you, Craig Wall, for the admission of the utter uselessness and sycophancy of the Chicago media. That level of candor is refreshing. That aside, Mayor Cliff Notes should perform as expected from an unaccomplished, inexperienced leftist political animal polling at 6.6% approval. It won’t be pretty.
Johnson’s answers will be rambling and incomprehensible. I really hope he pulls out his “there are people who don’t accept the results of the civil war” shtick again, and calls Congress raggedy. Then everyone can see what Chicago has to put up with.