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New York City Mayor Eric Adams brushed aside the suggestion that Chicago Mayor Lori Lightfoot’s reelection loss was merely a warning sign for Democratic mayors, instead calling it a “warning sign for the country” at large. “I showed up at crime scenes. I knew what New Yorkers were saying. And I saw it all over the country. I think, if anything, it is really stating that this is what I have been talking about. America, we have to be safe,” Adams said.
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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One man’s warning sign is another man’s cause for celebration.
Occasionally, Adams can briefly sound almost sensible.