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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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Not everything is racial or ethnic. Could it be he runs two moribund franchises? One of which just had its second consecutive 100+ loss season and that 2005 is way in its past? That he held the city and state hostage for what turned out to be the current ballpark, then failed to invest in the community around that park to develop reasons why people could come early and linger afterward? Whatever you think of the Ricketts, they invested in their own asset with their own money. Coukd that contrast matter? Could it be his asking the state for billions… Read more »
Just when people had started to forget how ridiculous Lori could be, she says something that reminds them. People call Reinsdorf cheap because he’s CHEAP. It isn’t anything but observation Lori.
I disagree. Lori has some class, unlike her successor who has absolutely none.
Shall I show you a picture of her coronavirus superhero costume she wore at a press conference?
LOL… that’s right up there with her 2020 promotion of the “Census Cowboy”; this is from May 2023:
Beleaguered ‘Census Cowboy’ arrested again; Hammond cops say he battered an officer after riding a horse down thoroughfare
https://cwbchicago.com/2023/05/chicago-census-cowboy-arrested-again-hammond-indiana.html
“Adam Hollingsworth, who rode to 15 minutes of fame as Chicago Mayor Lori Lightfoot’s “Census Cowboy” three years ago, only to fall from glory by riding his horse to exhaustion on the Dan Ryan Expressway, is facing new legal troubles today…”
Too bad if you were a white journalist; you wouldn’t have been allowed to report on her classiness at a press conference.