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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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There’s a small chance that Casten’s district could flip red in a wave year. Newman has a strong, insane progressive base who will show up in rain, wind or snow to vote for her in the primary. Casten, not so much. He’s just a generic D candidate and a relatively unlikeable one too. He could lose a primary. And if he did, newman would have a hard time being so far left in that new district. A generic Republican focusing on school issues and the like could eek out a win. Possible, for sure, but not terribly likely. But something… Read more »