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"But a year ago today, our city itself needed treatment — treatment from the trauma experienced through a lack of hope and faith in institutions entrusted to protect and provide. Chicago needed treatment, not trauma."
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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Zippy the Pin Head is just pathetic. These are really stupid statements. This is a CIty Government of the 3rd largest city in the Country. It isn’t a friggin pre-school where everyone gets a sticker. The City needs a CEO that runs the place like a GD business…not a goof-ball that runs it based on feelings. Sheesh.
Zippy is in fine form.
This is so sad it is funny.
He calls himself a leader…….i call this pathetic