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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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Like the ventriquilist dummy that he is, Raja simply parrots lines while JB’s arm is shoved up his backside and JB’s fingers move his mouth.
Raja is not terribly notable as one of the less intelligent Congressmen. Unlike Dan Goldman and Eric Swalwell, Raja has no appetite for acquiring the “Dumbest Congressman” title from AOC. He also doesn’t descend into treason like Serial Liar Adam Schiff. Raja instead simply recites the lines that the DNC provides. If the DNC says Illinois finances are sound, Raja simply says so. Raja isn’t smart enough to understand Illinois’ pension bomb that is already sparking to life. He also conveniently ignores all the money that Illinois’ sugar daddy Uncle Fed has thrown at Illinois since 2020. JB the Hutt… Read more »
Illinois Democrats Defend Crooked Corrupt Gold Plated Union Contract Giveaway
Good WSJ comment.
Oh lord. Cherry-picked, out of context stats and no mention of the massive unfunded public pension time bomb, all in support of this outrageous legislation from a failing state. Is anyone surprised a union crime boss and a member of the Democratic machine are the delusional authors? What a laugh! And I thought lying to defraud voters is a felony!
Raja doing his master’s bidding here. It’s either that or he’s incredibly stupid. JB’s never had a balanced budget, as it has never addressed the woefully unfunded pension and benefits liability the state politicians continue to ignore. Under this new contract Raja happily defends, that liability will only grow. Sorry Raja, but you are like every Illinois democrat politician. You’re beholden to the billionaire governor born with off shore accounts and a silver shovel in his mouth. It’s a little early to start angling for a cabinet position in President Pritzker’s administration isn’t Raja?