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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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Chicago voters & non voters — you’re gonna reap what you’ve sown….
Well, been a whole lot of alarmed reporting about something Johnson has said-or-done in the Tribune and Crains and the Sun Times of late.
All of which could have been reported in articles with the same headline beginning, “Exactly as he promised he would do in his campaign, Johnson…”
Can’t see how the Tribune could reasonably expect Johnson to change course regarding the riot – excuse me, the ‘teen event’.
Johnson’s telling us the same stuff now that he told us he would say during his campaign.
That seems fair.
So comical – first Crain’s and now Tribune Pravda doing hand wringing with Johnson and his marxist ineptness. Buyers remorse already? You broke it, you own it.
Who read’s the Trib?
And you thought things could not get worse.