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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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She is a liar. BIG TIME LIAR. There’s no way a former federal prosecutor in a city with a major crime problem is going to deny the Feds the ability to take harden criminals off the streets. Just last week the Feds announced an indictment against 14 latin king members accused of murder. Eddie Johnson himself was standing at the podium with the Feds announcing the charges. Substantial assistance was provided by….wait for it…the Cook County Sheriff’s office, who used jail house informants and wires to investigate the criminals. While in the jail, in the city of Chicago!!! Talk about… Read more »
she gots to pro-tec’ them dem vo-tuhs