Chicago Mayor Rahm Emanuel Says Chicago Pension Crisis "Improving", Facts Show He Is Lying - LYING BIG TIME!

Chicago Mayor Rahm Emanuel brags about balancing the Chicago budget and fixing the city’s pension plans.

Reuters writer Dave McKinney took the lies hook line and sinker.

Mark Glennon at Wirepoints Illinois separates fact from fiction in his article Chicago’s Friday Bunk Dump. This is a guest post by Glennon.

Chicago’s Friday Bunk Dump

Fridays in the summer are a great day to dump news you don’t want scrutinized, as reporters will tell you. Today, we got a new financial report from the city, the actuarial reports for its police and firefighter pensions and news of a private offering by Chicago’s school district.

The Report

First, the city released a carefully written, glitzy, Annual Financial Analysis. At least they put it online this year, a departure from the past, but that’s probably because it’s such meticulously prepared misinformation. Hooray, said most headlines and Mayor Emanuel in his cover letter: The 2017 deficit for the city will only be $138 million.

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