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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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Lightfoot dismissed that proposal as an effort to “defund the police,” and Arwady told WTTW News Treatment Not Trauma was just a “buzzword.”
It surprises me to say this, but I actually agree with these two, on this topic.
Today’s Crains article’s pretty good (https://www.chicagobusiness.com/politics/next-chicago-department-public-health-chief-faces-tough-choices-arwady-exits). It’s all about Afscme (CTU, etc) making sure they secure the public health gigs away from private/non-profit providers before the fed Covid $ run out, after which Chicago/Illinois tax payers will have be on the hook to pay the bill: CDPH’s budget topped $1 billion in 2022, thanks to more than $775 million in federal grant money funneled to the agency to address the COVID-19 pandemic. But in 2023, as some of those grants expire, CDPH’s budget has begun to shrink.Arwady previously said that about 90% of CDPH’s budget is made up of federal… Read more »
Yep. Started out as replacing private-sector not-for-profits that were actually using taxpayer funding to treat tens of thousands of mental health patients, with guvmn’t employee union members at guvmn’t clinics that wouldn’t. Johnson and the CTU have had lots of time to line up Dr Arwady’s replacement. Promised to fire her during his campaign. Who thinks it’s reasonable to conclude that Johnson didn’t begin thinking about who to replace Arwady with until last Friday? You have to believe, I think, that BJ and the CTU have their replacement picked already, but that they can’t figure out how to explain who… Read more »
Some Medical-Marxist Union Hack ideologue – fixed it for you
Thanks. Better.
CTU President Stacy Davis Gates didn’t want a white COVID-Karen telling the teachers that their 3 year COVID vacation was over