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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 had money problems long before Trump came back. Cut spending, but the dems just don’t know how to do that. If Johnson needs another idea to help plug the hole put a tax or fee on money wires that leave the country.
Let’s see. Cut expenses or raise taxes. For the life of me, I can’t figure out which one he will choose. What do you suppose it will be? If you can’t figure it out, you may be a Chicagoan.
Just so you don’t forget, if he cuts anything it will be the disease he calls the police.
Maybe he could cut wasteful, progressive spending and political hires? What does his wife do that she needs an office and a salary?
Chicago keeps shrinking in size while adding more and more city and school employees. Is that the sign of a rational mind?
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The people who run the school system that pretends to educate your children while sucking every last dollar from your pockets.
We now return to the program.
Well let’s do something Pinhead. Lets cut the fat from the CPS for starters. Sell off old buildings. Next lets clean up the duplicate non-essential jobs in the City. Need I go on
“My budget will have to address the egregious spending that is coming from the mayor’s office”
There! I fixed it for you Mayor Raggedy!
Blame Trump. Trump, Trump, Trump.
Leadership by deflection…
The important box to check for many IL/Cook County/Chicago pols is to blame someone else while never taking the blame themselves, even when the circumstances clearly indicate the opposite conclusion. Imagine using that approach in a professional job in the private sector. You wouldn’t be employed very long anywhere.
Chicago’s bloated budgets were in place long before the feds withheld money.