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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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Has anyone ever looked into the labor relations history of the Hyatt empire?
NY Mag is the home planet of fake news
Perhaps, but who would he go up against if Biden wasn’t there? Newsom? Kamala? Don’t think he couldn’t beat those clowns? Then he’s only about 40 electoral votes from president. Scary stuff…
I have a REALLY hard time seeing how JB the Hutt could beat Newsom in a head to head primary battle. Their policies are the same (just trying to out woke each other) and they’re both wealthy white men, but we all know which one is more, shall we say, photogenic. Not so sure about his chances against Kamala either, because as, ahem, inarticulate as she is she checks the “female” and “minority” boxes and that alone gets her lots of votes from the Dem base.
In the Game of Thrones of Diversity that is the Democrat Party primaries, J.B.’s religious and cultural ancestry, combined with his billions of dollars, is a huge no-no for many, many members of the Democrat Party. I’m just being real here. Mayor Pete had no chance because of ‘who he loves’ and JB has no chance because his grandfather was born into the wrong religion. He thinks he can overcome these prejudices, because he’s in an echo chamber of progressives who share the same values. JB might be a national dealmaker behind the scenes with his money but it’s not… Read more »