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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 drop the soap in prison, deplorable. They can’t wait to lock you up and throw away the key. The best chance you have, if caught, is to flee to a red state like Indiana, and then fight extradition, and do podcasts, tv shows, talk radio, etc. as a political dissident in IL, who wants to put you in jail for owning a ‘prohibited’ gun perfectly legal in IN or IA or MO. You might be able to convince a judge not to send you back. Do you think an IL judge would extradite a WI doctor back to WI… Read more »