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In Bailey’s first television interview, conducted at his downstate farm, he says he has confidence no matter what the polls show.
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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WOKE NONSENSE ALERT: Chicago Was Once Known As Hog Butcher To The World — Now It Is Known As The Baby Butcher To The World — Where Industrial Infanticide Is A Democrat Cash Cow – Better Government Association