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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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““The notion that the speaker compiled a list of well-known people, some of whom were already being interviewed by our team before their inclusion on any list and were then hired in our administration, somehow impacts the Governor’s ability to remain independent is just deeply misguided and ignores the fact that the people listed are the same people many others could have easily named and did name as qualified candidates,” reads the statement from the governor’s office.” I’ve heard the fat slob give enough press conferences. He clearly dictated this statement to his PR guy for release. He personally… Read more »
Well, did you tell the officers to “stand down, mayor”??