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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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Somewhere, the winds are shifting! This is but the first sweep to bury Lori under the rug. Lori was instructed to fix Chicago simply because she looks like us! Ya know we don’t trust the cops cuz they don’t look like us! Turns out Lori is just a vengeful low IQ thug with a fondness for her own feet. I would rate her highly effective and exceeds expectations.
Our Gov (or his handlers) is very good at political theater. He hasn’t had to learn any other skill so far and with his fawning press, he doesn’t need to. Has he shown executive competence or creativity? Nah, he just does what New York’s Cuomo does. The press made a hero of that scumbag and is busily making a hero out of Illinois’s clown. He pretty much signs without edit whatever bills the Dem supermajority legislature sends him and has needed no executive ability beyond that. No rudder needed on this ship of state. Drastic executive orders instead of sensible… Read more »
“He hasn’t had to learn any other skill so far and with his fawning press, he doesn’t need to.” Fatso spent $171,000,000 of his own money to win office. Most of that money went to media: print, radio and tv. In this ad environment, that’s a lot of money. He’s spent $7,000,000 on ads for his campaign so far this year, which is 4 times as much as Republicans candidates combined. Of course they fawn over him, he’s quite literally paying them to do so. That’s the gist of it. Don’t question me or my policies and I’ll pay you… Read more »