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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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How about trading Robert Edward McClelland for some Mississippi River mud. St. Louis has some good restaurants, but the city is largely a mess. Worse than Chicago in many senses. Elected moron Cori Bush multiple times.
This article shows how stupid people can convince themselves that ideology is a substitute for intelligence. It is not. He wants to St. Louis for all of southern IL? Really? Trade of the world’s most productive farmland for St. Louis, the country’s murder capital since 2014? A city with a 20% poverty rate? Does he believe that suburban St. Louis residents will trade life in Missouri to be a part of Illinois? Missouri would be getting a much better deal with that trade! But he’s so focused on his culture war anti-white hate (he calls white southern IL residents a… Read more »
I say we trade Missouri East St. Louis and the Bears #1 draft pick for future considerations.
I want to get Hong Kong in the deal somehow.
Once the Illinois Democrat Crime Purge goes into effect, more downstate counties will be talking secession from Crooked Chicago
What do Chicago and St Louis have most in common? Oh that would be crime, crime committed overwhelming by a certain ethnicity that democrats adore and love to please with ridiculous legislation. A perfect fit, more death and destruction embraced by liberal politicians