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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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😮 Why can’t these Old Farts just retire, enjoy their huge pensions and spend time with their kids and grandkids, before they croak!🤔 Like I did (without any pension).
Interesting timing on her “I don’t believe in retirement” quote. I was just talking to my wife about these 70-some, 80-some, and 90-some-year-old public officials who are still “working.” I have a scoop for those people. Your brain is just another organ in your body that deteriorates as you age. Therefore, those who say some old person’s brain is as sharp as a tack are lying. Some (most?) people in their 50s begin to notice brain functions going south. In your 60s and beyond, it only gets worse. That’s why we need maximum age limitations for people in public office.… Read more »
Like Dracula, you won’t be rid of Taxwinkle until she is firmly affixed to her casket with a wooden stake. This snake that tore down part of the badly needed Cook County jail, so as to turn repeat felons loose for a lack of room, is out to bedevil taxpayers, especially white ones, at every turn.
Majority of POC vote by skin color. CPS taught the kids to hate white people.
A forced retirement is unlikely too.
Careful Toni or you’ll join Diane Feinsteins’ club.
And that’s just what she wants, she does not have a life outside of her job, so boring.
My Township, York in DuPage elected D’s for the first time in my life. Was not close 58-42.
They didn’t just elect D’s. They elected Progressives. They now control the entire Chicago area and they are directly linked to the DPI (Democrat Party of Illinois). Crazy to think that the Springfield DPI controls your local alderman, dog catcher and highway commissioner now because they took that DPI help and money to win the office. They know that if they buck the party for any reason, they will easily be replaced with some other progressive more compliant. This is the CCP model of how China is run. Even local mayors in rural towns answer to party bosses in Shanghai,… Read more »
Debtsor, you’re one of the most informed WP commentators.
Mark, if you need any more editorial help Debtsor ought to be considered.
Bad night for Republicans in Illinois. Progressives mopped up nearly all of the rest of Cook County they didn’t control. Supposedly non-partisan races became partisan and with JB’s Dark Money funding all the local races, even going as far as recruiting entire slates according to some articles, they won nearly every race in Cook County outside of Orland Park. Not unexpected, with blowouts in many places, closer races in others, but still a complete slaughter.