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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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Twitter isn’t real life. It will be interesting to see if the “groundswell” of social media support for Brandon Johnson translates to him reaching the runoff.
But it doesn’t look like the young people are voting again, and that’s bad news for uber-progressive candidates. The question I have is will the Hispanic community show up for Chuy because, as of now, it doesn’t look like that’s the case.
as a lifelong Chicagoan, nothing I don’t already know. Low-income minority folks don’t vote, but all the candidates & news medias focus is almost 100% about low-income minority folks? That’s why I call em ‘stage prop people’.