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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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Good vs evil folks.
Pray to recognize the difference and pick a side.
Keep praying. You’ve chosen poorly.
I did not realize NBC pulled the ad. Boy, Pritzker really controls the “mainstream”media in this city / metro area. I don’t know if it is his inherited wealth or intimidation / near blackmail that causes the media to act like his little sheep. Today the “mainstream”media in the Chicago area are an embarrassment to a city that used to stand for guts and straight talk. Now they are just Pritzker’s string puppets, which is why I don’t allow any time for them. Thank God Dan continues the fight. That Pritzker reacts (also the DH situation) tells me the service… Read more »