Higher and higher salaries means Chicagoans’ public pension problem gets bigger and bigger. – Wirepoints on Full Measure with Sharyl Attkisson

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Old Spartan
10 months ago

Great analysis, Ted. Let’s hope that sooner or later someone will start listening to your basic arithmetic analysis. We aren’t there yet, though.

Where's Mine ???
10 months ago

key to CTU/Brandon & Stacy equity hustle is to demonize former mayors as “community dis-investors” and they are fighting the “white machine”, which conveniently according to them 90% happen before they hit town 14-16 yrs ago. But where would they be without all the gigantic raises handed out, especially under Richie D, by all those mayors? and 40yrs of Madigan rubber stamp? Older CTU & city workers $$$$LOVED$$$$ Richie D.

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

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.

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