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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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Kwame’s ‘work of his life’ in 2025 is to waste confiscated taxpayer dollars on partisan lawsuits challenging common sense…and losing. Meanwhile, the corruption in Illinois boils over and Kwame hardly notices. An end to racist DEI initiatives means no more confiscated taxpayer dollars wasted on implementing racist DEI initiatives. Kwame’s solution is to try and sue back Federal funds for programs that no longer have Federal standing.
Illinois political animals: an inbreed apart
Didn’t the 3400 page bill that was just passed reduce spending on higher education? This lawsuit is likely intended to make up for those cuts that they instead used to fund their pork projects and CTU benefits. They can sue themselves.
Kwame, quit wasting my money on DEI.
Has Kwame ever had an original thought ?