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.
I have a theory. The defund movement has little to do with alleged systemic issues. Instead, the alleged systemic issues are being used as the reason to shift money around to other areas in the government budget. It is about a lack of revenue or revenue growth that is fueling the movement. If I am right the defund movement will not end with the police. Anyone else have this thought as well?
Typical. Funds should be removed from sheriff’s office as county jail is about 2/3 less full. Guards and support staff should be reduced too. But how about money being returned to taxpayers instead of being redirected to some feel good causes that no one voted for.