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"The rap on Paul Vallas during the mayoral race was that despite calling himself “a lifelong Democrat,” he really was a not-so-closeted conservative Republican running in a city whose overall political slant is well to the political left.... But today he offered his critics a ton of ammunition suggesting that voters were right about him after all, with the announcement that he has taken a position with the Illinois Policy Institute as a policy adviser. The institute is a Chicago-based libertarian think tank that regularly argues for lower taxes, privatized pensions for government workers and school choice. It disputed “state-mandated lockdowns” during the COVID-19 pandemic."
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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Yeah, we get it. Vallas is farther right than BJ, but so is the rest of the planet.
Libertarian is now republican? Doesn’t Greg Hinz know the difference?
Hinz is Johnson’s taint-wipe
or maybe article reveals how much Hinz despised Vallas, IPI or anyone who’s not a waterboy for the new machine/ machine