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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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Stacy Davis Gates and Brandon Johnson’s talk about relitigating the Civil War is deeply offensive to me, equal to using a once-common epithet toward Blacks. You are really working to cleave a deep divide among people in this city when you do that.
And? You’ve got a mayor that makes it clear tax revenue is intended for his “ generous, giving folks in the community.” You’ve got a Cook County commissioner that has no problem giving her folks “ guaranteed income.” You’ve got a bunch of Latinomarxists that want to tear down the system ( after they get paid ) altogether. And you’ve got a bunch of guilty, white, limo libs that can’t wait to give your tax dollars towards one useless “ social service experiment “ after another from the comfort of their plush homes.
It sounds like you’re frustrated with how local leadership prioritizes spending and social https://casinoeurodownload.com/ programs. There’s definitely a growing divide between those making the decisions and those footing the bill.