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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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Don’t the hospitals have to provide low income care so they stay exempt from property taxes? We see plenty of people in the ER and emergency clinics that don’t live in our neighborhood and we also have prisoners brought in to get treated at the hospital. Before they start dividing the cash it would be nice if he remembered that one “marginalized” convict escaped while getting a procedure done in a hospital in his district, ripping out his IV and beating and carjacking the elderly neighbor that lived across the street. Just wanted to send a shoutout to all the… Read more »
I have a hard time feeling sympathetic to his low income constituents. It is a cultural issue. Men impregnating women and abandoning the responsibility of fatherhood leads to rot.
And we are forced to support it.
IDK about luxury clinics LaShawn, but I see plenty of folks from the community without the means to buy a pack of gum in the waiting area of my doctors office that are going to receive medical care they surely aren’t paying for. Just saying.