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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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Busy this union. Illinois public employee unions are the filthy cancer that is killing Illinois
With CTU in charge, Chicago Schools will only serve as a money laundry for that crooked corrupt union.
Chicago for the first time in my life is ready for a republican mayor. Vallas’s problem is he didn’t embrace his conservatism in the election hoping to play it safe, meanwhile the radical leftists went all in and won, with less than 1/3 of the eligible voters. I’ve heard 18% of the electorate. That means the other 82% preferred something else that didn’t run.
Oh Vallas, too little, too late. “City”, meaning Mayor Johnson, is merely tool for CTU to plunder Chicago, to demonstrate CTU absolute political control over Chicago city hall, as demonstrated by recent pro-CTU benefits enacted by Johnson. Johnson has little interest in “combatting crime”. Note that he deflects all discussion of significant crime issues with progressive slogans of “disinvestment by corporations”, and “our children should not be demonized”, and “poverty causes crime”, all false narratives. Lax enforcement of laws, acceptance of anti-social behavior as societal norms, and molly-coddling of repeat criminals by courts and state attorney office directly enable rising… Read more »
Fantastic, but why didn’t Vallas come out with this during run for Mayor?
Did not want to upset a large voting block.
They weren’t going to vote for him anyway. Perhaps he could have attracted voters that sat out the election if he actually stood up and said these things during the campaign. Instead, he figured that BJ was so far left that his goal was to run a very bland campaign in the hopes of not upsetting anyone. He figured that was his best strategy. Clearly he was wrong.
Agree!!
True. A white male baby boomer is the devil incarnate to many young Chicagoans eligible to vote.
Unlikely Chicago will ever elect a white mayor again.
Doesn`t matter the color of the individual all DEMOCRATS are RADICAL MARXIST