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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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This reminds me of another regressive politician’s slogan Yes We Can……
Elect a person president who has visited all 57 states? “Yes we can!”
https://www.youtube.com/watch?v=EpGH02DtIws
he has been to “every corner”. That’s right “all 57 states”. All 57 states folks.
joe, can you imagine my surprise when I learned that this guy had been to all 57 states? I mean, I was born in the US and I didn’t even know there were 57 states. And, when I say “born in the US” I mean like with an actual birth certificate and whatnot.
Look, she is going to sprinkle virtue signs and cash wherever she can to help her re-election…
Chicagoans, are you smart enough to see this?
And, related, who else can we elect?
Talk about an absence of substance or anything tangible. It sounds like a woke high school musical.
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