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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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Chicago has been lost! Thanks Kim, Lori, Toni and your team of liars and losers!
River North and Michigan Ave retail corridor now reek of reefer and urine, the sidewalks and streets untended, even when otherwise peaceable. That’s apparently the image-message, folks, that City Hall and Lightfoot are willing to telegraph to the world.
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There’s to many healthy, vibrant communities in safe and prosperous Red States to move to. It doesn’t make sense, but with Democrats having a Supermajority seems they really don’t care about high taxes, public safety, education, etc. etc..
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