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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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“”The data raises an important question that has to be answered, and that is why are we seeing different outcomes depending on the race of the complainant?” said ABC 7 legal analyst Gil Soffer.” To assume that racism is present everywhere, all the time, in every aspect of life, even more so than the antebellum south, is staggering, by everyone, even the most woke of all progressive systems still has racism is really a disturbing thought. Or on the other hand, ticked off and angry african-americans may be making a lot of fake and meritless claims of police… Read more »