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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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Hey Trib journalists. Why don’t one of you read the posting on this subject on Second City Cop. You’ll then be using newsprint and ink more efficiently and possibly even educate your dwindling number of readers.
Well, BJ could start answering questions, however since mendacity, obfuscation, blather and harrumphery work so well for him, why bother?
“Dynamic new leadership,” don’tcha know…..
Brandon’s IQ is probably in the mid-80’s but that is disguised by his nice voice and nice mid-western accent. He says nothing when he talks, and spews verbal nonsense, and he is good at that, which is a skill, for sure. But he’s not an intelligent guy, not at all. He probably knows that he’s not smart enough to make the policy decisions either, so he leaves the difficult policy stuff to the think tank known as the CTU. He’s there just to loot the treasury for himself and his cronies. Fancy dinners, big office, police protection, free car, local… Read more »
BJ says “don’t demonize me bro”
https://www.youtube.com/watch?v=AkMkGOpAF4s