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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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Incompetence, thy name is Pritzker.
He is trying to see that that convicted felons are taken care of first but they’re all out on home monitoring and currently cannot be found.
Looking at it another way, we are #4 worst in the country! That’s quite an achievement! The reason our distribution sucks is because the rules SUCK. The stupid 1(a), 1(b), and so on is stupid. The ‘equity’ plan, that purposely kills elderly white people at the expense of less elderly BIPOC is completely racist. They over allocate the vaccines to facilities that don’t need them and they have to practically beg younger people to get vaccinated otherwise they get thrown away. They are forbidden from reallocating them when they’ve been allocated. Of course, this failed. I read the other day… Read more »
Or, he has succeeded spectacularly in what he set out to do: turn Illinois completely over to the social justice warriors.
There is a strong pattern of malfeasance with Pritzker. This is just another incident.