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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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So Rich Miller (via the Sun TImes) seems all frothy against this fellow. Rich thinks he is a real threat to King Jumbo, in a way Baily is not.
That’s an YUGE tell right there, so Jesse has risen in my estimation. IF he loses the sap, he might do well.
Way too….what’s the word? Sincere. Not in a good way. Trying way too hard.
But he’d be better than Pritzker, that’s for sure.
And svelte…no more Jumbo jokes.
this guy is from the fourth reich – see eye aye candidate to enslave you with a lethal injection passport.
Now that I didn’t get from the portion I listened to.
He seems like a nice man, but trying the down-home bit a little too hard. He needn’t BE Baily.
He seems smart, and he should use that. A little more ice, a little more sternness. See DeSantis.