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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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It is actually getting funny to watch these two lefty sanctuary city/state advocates try to squirm out of the catastrophe they have created, not only for the citizens of Chicago– but how about for the duped migrants as well. And watch for the first few weeks of the legislative session in January when the topic comes up as to who is going to pay for this financial disaster. It will be City Dems vs. the Springfield Dems. And I bet the Mayor proves to be more inept than Lori was in Springfield.
My understanding is that the refugee camp tent idea originated from JB’s own office in Springfield after he become frustrated with Brandon’s slow pace of emptying the police stations and homeless camps. I read this headline somewhere, but I’m not holding hit out as absolute truth.
However, it looks like JB’s incompetent staff issued directives to an even more incompetent Brandon’s mayoral administration and hilarity ensued. You know that JB is muttering expletives under his breath about another administration even more incompetent than his own.
“Stern Statement” = “I, JB, will SIT on you if you don’t do my bidding…!!!”
JB has got to be livid to release something like this.
In other news, NBC5 has confirmed in this article that Mayor Brandon Johnson knows the alphabet at least through the letter F.