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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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Taxing 2023 resident for 19th century slavery is a moronic notion that only Democrats can support
Put quite perfectly, Giddyap.
Another great vote buying scheme brought to us by the Democrats
No need to educate me I will leave it at that
The commission’s chair notes that they are already utilizing the framework from California’s commission, without saying what’s in it. He also doesn’t point out that even Gavin Newsom has backed away from that obviously ridiculous proposal.