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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 isn’t just the president who’s on trial in an impeachment proceeding,” Sen. Dick Durbin of Illinois told CBS’ Margaret Brennan on Sunday. “The Senate is on trial, and we have a constitutional responsibility.” ” This guy believes that all Republican government is corrupt. He believes the president is a corrupt tyrant and a danger to the nation, the Senate (the upper chamber) is also corrupted too because they won’t engage in the Democrat’s farce….we already know that he believes the Supreme Court is tainted too by Trump appointed judges, and even Roberts is a nominally a Republican…so he will… Read more »
Madigans pal. That’s who he is. Pot meet kettle