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The Wall Street Journal Editorial Board cited Wirepoints’ data on Chicago’s pension crisis – the worst among big cities – in its editorial decrying the city police and fire pension sweetener bill awaiting Gov. Pritzker’s signature.
Read How Chicago Became a Fiscal Mess HERE
Read more from Wirepoints:
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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“How Chicago Became a Fiscal Mess”…one party Democratic rule!
One party CORRUPT Democratic rule!!
You’re being redundant.
It all started with Public Sector Unions. They are trying to kill the golden goose (AKA Taxpayer). They have gouged the ship out of them, and now many are jumping ship.
is there any bigger weaselly pay-to-play machine apparatchik in all of Illinois than Martwick?
Once again, every machine pay-to-play ghoul from Springfield to city hall knows, if JB does NOT veto and bill passes for Chicago cops & fire it will only be a year or two until TIER 2 is dead throughout Chicago & Ill…and then one would assume his presidential ambitions are over. WHAT YA GOING TO DO FAT BOY???
Public Unions need to go, outlaw them.
Gradually and then suddenly!
Guess the Dems in Illinois are beyond stoooopid!!
When you find yourself in a hole, stop digging