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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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“He said he met with Senate President John Cullerton yesterday to discuss some changes to the proposed amendment to help protect minority representation under a new non-partisan redistricting commission. ” Hahhaahha, that’s funny, watch nearly all red Illinois districts disappear in 2020 when the lines are redrawn! The bill will be introduced at 11:58 pm on a sunday night and pass by a partisan super-majority at 11:59 pm. It’s the IL way! as I pointed out before, IL is roughly a 55D/45R state in recent elections but the legislature is 63D/37R and 68D/32R which is how infanticide became legal. Elections… Read more »