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“Despite hundreds of arrests, hundreds more violent criminals remain at large in Chicago, and unverified reports suggest more may be traveling here from other locations, with intent to continue the mayhem,” Chicago Ald. Brian Hopkins (2nd) said in a statement. “Of greatest concern is the arsonists who remain at large, as their acts are the most immediate threat to life, as well as property.
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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