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"If Conyears-Ervin wants to keep her own money out of Treasuries as a quixotic political protest, she is of course free to do so. But this $11 billion is not her money."
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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Another liberal know it all wasing the taxpayers money.
First of all its NOT her money.
Its the City of Chicago’s money.
I can only imagine the stooopid investments she makes with her money.
Don’t hire people fired for pressuring their underlings to do personal tasks and puts the squeeze on a bank to give her felon husband a loan as Ervin did. It seems IL loves officials being under a cloud of suspicion ( and outright crooks ) . Look for Jesse Jr. to be in office somewhere any day now.
Been made aware the Ervin wasn’t convicted of an assault on a police commander. Will do better in the future.