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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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So then once this becomes law which we all know Pritzker the signer will sign, a class action lawsuit for discrimination needs to be filed, one for all all for one insurance for everyone for free not just a select group (illegals) pandering at its finest.
I would imagine this is an extremely unpopular bill but very popular for the progressive base JB hopes to rally in Nov.
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