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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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Lipinski – a pro-life Democrat who inherited his seat from his father – was nearly primaried out of his seat by a truly whack job far left progressive. Lipinski’s district is solidly Democrat and he hopes that his ‘centrist’ positions will appeal to moderate democrats and even conservatives in parts of his district that are more middle and working class. He’s in for a fight, for sure. The fact that two Illinois reps support this issue is more evidence that IL isn’t as progressive as today’s ‘orange man bad’ legislature makes it out to be.