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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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And the money is coming from where? This guy is like a kid in a candy store who didn’t get his allowance from his parents to pay for the candy.
Rich people will pay for it. Duh!
Right! ‘Capitalists.’
reopening the mental health clinics is all about handing out jobs to CTU/Brandons base by shifting service provider from private contracted non-profits to SEIU. The bigger story is nobody uses the mental health clinics. Per article: “One of the Lightfoot administration’s rebuttals to proponents of reopening the clinics was that patient visits were largely dwindling even before the six clinics closed as part of Emanuel’s budget cuts. City records provided in January show utilization had dropped from about 6,400 clients in 2010 to 5,400 the next year before dipping below 4,200 in 2012. That number continued to ebb and flow… Read more »
“….all about handing out jobs to CTU/Brandons base by shifting service provider from private contracted non-profits to SEIU.”
You’re exactly correct. I missed that piece when I read it.
SEIU and AFSCME both pull way more strings in Springfield than CTU does. Brandon needs all the help he can get from Springfield, and he’ll do whatever SEIU and AFSCME want to get it.
Yeah, yeah….. Blah blah blah…… Meanwhile, BJ tries to pass off an unending torrent of progressive anti-capitalist blather-n-harrumphery as a credible plan for actually paying for any of this. He’s opposed to raising property taxes, won’t support a city income tax, and isn’t anywhere near being able to put a date-certain to any of his other flibbertigibbet campaign-promised jet fuel-n-finance-n-mansion-n-suburb taxes. It’s like watching a group of third graders claiming to have ‘fixed’ the school cafeteria by deciding to have all-you-can-eat pizza, fried chicken, ice cream and chocolate milk for lunch every day. ‘Solutions’ are child’s play to come up… Read more »