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Comment: This probably makes it official as some people see the world. It's OK to say what Wirepoints has been saying.
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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So they expect to be able to laugh off all that they have done for 2 years as just a joke?
Odd that SNL is spot on about masking conversations.
Have they turned a corner? No? I didn’t think so, but it was a breath of fresh air.