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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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Isn’t there someway to read this article w/o being a WSJ reader?
We will have the substance of it and more soon — probably right after a court hearing tomorrow on the lawsuit to stop the center.
There is now an article about the article linked here: https://www.zerohedge.com/news/2018-08-12/chicagos-obamaland-scam-reaches-mainstream-media
Black lives matter should continually protest the site and demand that 100% of the money be used to improve the schools, work youth programs etc, you know the usual shakedown tactics they employee. If Barack cared about black lives he would give up the center and help a brother out.
A Chicago Public Library branch will be housed in the Liberal Training Center. https://nonprofitquarterly.org/2018/05/07/obama-foundation-announces-partnership-chicago-public-library The Liberal Training Center has decided to pay for the Chicago Public Library branch facility, but not the road construction that they say is needed for the complex to open. Why pay for a library and not a road? Maybe it has something to do with liberal training and research. The public library was not originally envisioned. It was an add-on Might the library have something to do with training? “Training Days” have begun. Obama Foundation Obama Foundation Opens Applications for Community Leadership Training Day Program… Read more »
My guess would be the lawsuit against their $1 park lease now that it is not going to be a Presidential library, the suit alleges that it is no longer for public use so illegal use of the land. Hmmm….a public library branch will take care of that