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The giveaway started at 7 a.m. Lines were forming nearly two hours early at a gas station at Pulaski Road and Montrose Avenue. One man said he waited in line since midnight for the gas giveaway.
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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This was not a very well thought out plan now was it. And to think, he could have been mayor.
If it’s free they all show up
Wait 10 hrs to get $50 of free gas, not so smart.
When you don’t work, it beats watching the View.
Where’s jb out in front of the cameras handing out free gas cards paid for w fed covid $bucks$ to go along with all the other equity hustle-free stuff (rent, heating, etc, etc)?
The Governor may just be inspired by this stunt. Never can tell.