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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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How stupid do you have to be to schedule a convention in Chicago and expose the attendees to possible violence?
Chicago’s image is poison to tourism — especially with stories of tourists being the targets of murder:
$2M Bond for Chicago Man Accused of Intentionally Running Over Pedestrian
Why come to the shooting gallery of Chicago when you can go to Orlando and bring the fam?
This surprises no one except maybe Duckworthless, who can’t get a grasp on anything happening in Illinois.