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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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If Ms Lightfoot really believes what she said, then why didn’t she nuke the CTU and lock them out? It was doable and the timing perfect. No, this is all just more political poppycock.
Mayor Lightfoot has learned she’s a Lame Duck Mayor with zero chance of reelection, unless the opposing candidates are even more venal than her. CTU and Preckwinkle played her, and exposed her as a weak politician with no strong political allies nor any viable political skills other than her toxic temper. Oops, highly likely that Kim Foxx will run for mayor; she’s definitely more venal, and worse, than Lightfoot, so maybe candidate pool is so horrible as to assure Lightfoot reelection after all. Should be interesting election, in the Chinese expression-insult: “may you live in interesting times”. Yup, the Chicago… Read more »
This idiot didn’t learn anything
I hope she learned what it feels like to be played like a fiddle. If she didn’t learn that then she is in denial, because CTU played her like a fiddle.
When CTU takes over Chicago, will the city contribute 7% of my salary into my retirement account?
Sure silly you, “rich people” will pay for everything. Everyboby knows that!!
This Lame Duck Mayoral buffoon of course has to take a pointless and factless swipe at the FOP and Trump. The reality is that the vermin of CTU treated Lightfoot, the students, the parents and the taxpayers like rented mules. Lightfoot is politically cooked. She will never be reelected but we must ensure that the CTU puppet, Toni Taxwinkle, again fails in the 2022 Mayoral campaign.
Notice that Lightfoot could not get through this interview about schools without bringing up Trump, specifically to denigrate the Chicago Police Department which continues to serve and protect in spite of no contract and being totally hamstrung by politicians.
Battling? Really?
Supplicating.
It is more like laying down and letthing them walk all over you. It has NEVER been about the good of the children. Power is the ultimate end game here.
Yikes!!–kudo’s for lightfoot coming out and laying on the line with what ctu’s really about. When she states—“Which are what? I think, ultimately, they’d like to take over not only Chicago Public Schools, but take over running the city government. ” I think she actually did a good job in this interview defending herself