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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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Mr. Porter is usually right, and he is on this– up to a point. The real issue is that Illinois voters need to change. They need to get better civics education. They need to get more exposure to how government works through school programs. They need to pay attention more and think more about who they vote for. As long as they remain poorly educated, uniformed and one- party minded, Illinois will never have better public officials, a viable two party system, or government that is interested in solving problems rather than just slapping on band aids and passing the… Read more »
The voters of Illinois need to stop just blindly voting for the DEMS and the “Promises” they put in front of you. They NEVER follow thru on those. It is for them to retain power over the masses. There are Jag GOP that need to be voted out as well–Adam Kinzinger is case in point. He is not a GOP but a Dem in RINO clothing.
Who voted for the leaders of this government anyway?
It’s election fraud. Everyone knows it
Illinois has been full of fraud ever since and before the Kennedy Nixon election.
There are people in states like Illinois that are what I call “true believers”. No data or any other point will convince them otherwise. They vote solid Democrat no matter what. Higher taxes are good, and won’t affect them because it only goes after the rich is one example.
That is the bs that is spewed out to poo poo the election fraud accusations. Jeff, I believe what you are saying is true but only in an extreme minority. This minority is amplified by fake media and fraudster politicians. Simple as that