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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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The article mentioned Underwood campaigning against the tax cuts. She’s toast in 2020 – a one term rep. There’s no way that district goes blue again when voters come out again in 2020 to vote out the blue wave. The thing is that outside of Chicago and some Chicago suburbs, Trump is actually popular and there are plenty of Republicans, its just that many of them don’t vote because they have been lead to believe that IL is only Democrat. I have family members and friends who support Trump and would generally lean Republican if they voted, but they don’t… Read more »