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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 south suburbs certainly seem to have a problem with the people that they elect. Perhaps the state needs to hire someone to look into this, as it appears to be unfettered. Maybe a high ranking attorney, appointed by the people with no ties to the accused or a personal agenda of doing nothing based on the accused protected status? That sure would be nice.
Better idea is to list any Illinois politician who is not under any investigation.
Well, at least the White Sox outings probably didn’t amount to much.