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.
Given the free ride Jabba gets from the media, I’m surprised his approval rating isn’t higher. And 34th place! That’s something every presidential hopeful targets!
JB doesn’t get a free ride from the media. He pays them handsomely for TV and print ads. In return he gets favorable and glowing coverage. If some other Democrat billionaire showed up and doubled JB’s spending, believe me, the media would ditch JB like an empty bag of potato chips in favor of the new paramour.
They need to ask for a recount because there is no way this is accurate. Are they setting us up for November?