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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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Pritzker was always going to lose this case but that’s not the point. Its all about his presidential campaign virtue signaling. National tyrant pravda media will eat it up and frame pritzker as a progressive messiah.
Several weeks ago the 9th Circuit just upheld the 10 round limit though. The 9th Circuit at the appellate level has the craziest judges in the entire US. The 9th circuit also said that it’s not illegal to camp out on public property unless the city has enough available shelter beds for homeless people to sleep. Because if there was nowhere to sleep, they were criminalizing homelessness. So now the west coast has homeless encampments everywhere and there are no way to clear them because the 9th circuit said you can’t criminalize being homeless. And these illegal homeless campsites are… Read more »