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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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Did anyone catch the press conference with Preckwinkle, Foxx, Evans and Dart this morning. I missed it and was wondering what they had to say.
probably, BLAH BLAH BLAH Trumps fault
or something
With the rapid increase in lawlessness, Chicago is officially a failed city now. It is uninhabitable.
Can we stop? Can we stop linking criminal acts to this, that, or the other thing? Please media, call these acts what that which they are! These are animals who CHOOSE to engage in criminal activity. Or, don’t… And here’s why… Those of us who loved this city are done. We lost. The ideals in which we believed, work hard, educate yourself, respect others, etc. are not the values of the mob. The respect for family, standards, and values is not something in which your progressive, liberal, democratic leaders believe. Instead, they created a trade of agency for votes –… Read more »
Watch Mayor lightweight’s reaction this am to a question about lack of prosecutions. She gets testy and angry. She soesn’t want to be “bated”. You cant’ take her or the Police superintendent seriously until they come out and say “Kim Foxx is not doing her job”. You can mumble and duck and dodge about “no consequences” for criminals , but until there is an open admission that there is no functioning State’s attorney there won’t be any solution.