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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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This should be interesting.
Just as with the trial of George Zimmerman, facts don’t change minds. We were in the same theater but obviously saw very different movies. Smollett is a scumbag who got caught (I’m still awaiting federal fraud charges stemming from his use of the mail for part of this idiocy.) But it won’t matter to most people. Same with the Covington Catholic school kids..ABCNNBCBSNYT et. al. told people who was the bad guy and who was the good guy and facts, video, incontrovertible evidence…it doesn’t matter. Woe be to the white guy (esp. a cop) who is accused of a crime… Read more »