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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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I suspect that Rahm hasn’t left the cozy echo chamber of the coastal elite in decades, so his predictions regarding the voting inclinations of the people of Ohio, Florida, Michigan, Pennsylvania or Wisconsin are fantasy.
Rahm clearly now spends his time living in the Twitter bubble. He’s always been a partisan hack but this drivel of an opinion piece is complete buffoonery derived from reading tweets from other fellow blue checked partisan hacks. Republicans currently hold the legislatures in 31 states, compared to the Democrats 18. He’s whistling past the graveyard if he thinks that Democrat senators in Red states have a snowball’s chance in hell of being reelected unless they vote with Trump, and there’s quite a few of them. These Democrats pose a bigger risk to the Democrat party than the handful of… Read more »