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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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Notice that JB said “not fast enough” instead of “slow.” Brandon Johnson earlier said “slow” is a microagression directed at him because of race.
Slow is a microaggression apparently, except when it comes to NFL cornerbacks, because they are fast.
It’s a macroaggression directed at him due to incompetence.
They moved just as fast as JB could run a 100 yd dash. LOL
Hey, “root cause” Johnson, don’t you realize this is a Democrat manufactured crisis?
Rather entertaining watching the Dems turn on one another.
Careful there big guy, or Mayor Brando may not keep the silly kids in line when the DNC comes to town next summer. Everyone knows this is supposed to be your big coming out party. It won’t look good if the inmates are running the asylum for everyone to see.