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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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I thought better of him, I didn’t realize he was such an idiot.
Vallas former superintendent of schools?
Scratch him from my voting list
Vallas must not realize how idiotic his statement about DeSantis being a right wing extremist sounds while he wallows in the center of Left wing extremism.
Sad and pathetic pandering Paul.
Sorry to see Vallas doing this. If there was a general election coming up with a viable Republican candidate he could never say such a dumb thing, but he probably has nothing to lose the way Chicago elections are set up. But it is funny to watch these Dems slobber all over each other trying to out leftie each other
What an absolutely dumb move on Vallas’ part.
Guess he doesn’t believe in free speech – this could cost him the election.
Go Willie Wilson!
Kind of ironic considering that Vallas’ positions on policing, school choice, keeping schools open, stricter sentencing, are very similar to those of “extremist” Ron DeSantis. Shame DeSantis is so mischaracterized. IL has become so out there that common sense ideas are “extremist”
Suck it Vallas. If you think that DeSantis is “right wing” then you are an idiot. Going to early vote tomorrow and now thinking that Willie Wilson is my choice.
Conveniently avoided the extremist left wingers that run Illinois and are destroying it. How quaint.
More evidence that Chicago is unfixable.
Leave, before it’s to late.
Paul Vallas showing who he really is here.
A panderer who just ticked of the very union that supported him.
The union should rescind their endorsement in response to his insult to the membership.
There’s a strong case to be made that Republicans and right-leaning independents, few as they are, are the swing voters in Chicago. Strictly as a political matter, this won’t help Vallas on turning them out.
It’s moronic of course for Vallas to say this, but then he hews to the dem “party line”, natcherly…
And for being a ‘right-wing extremist’, people sure are flocking to DeSantis’ very successfully – run state in any case…
”DeSantis’ record of trying to erase the LGBTQ community, banning books
on Black history…”
Of course DeSantis has done so such thing – he’s very sensibly putting brakes on the corrosive and dangerous BLM and “trans” propaganda and their garbage ideologies…
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GM