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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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I don’t live in other states. I live in Illinois, and I mind being underrepresented.
Illinois is certainly one of the worst, but most other states are not too far behind. This is a feature of a one-party state, is lopsided representation. I love to point out how feckless the Indiana Democrat Party is. In Indiana, Harris won 39.6% of Indiana, which means four out of 10 people in a solid red state like Indiana voted Democrat. But only 2 of their 9 congressional seats, 22.22%, are Democrat. Not quite as bad as Illinois’s 3/17 or 17.6%, but when you’re comparing 17.6% vs. 22.22% despite getting 40%+ of the vote, you’re arguing degrees of crappiness,… Read more »
Major problem in Ill-inois!
Demoncrats mapping = shameless voter corruption against Republicans.
Also this corruption kept one corrupt politician in power for decades!
Hmm, just can’t remember his name?