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.
It will never happen. Inept leadership (Brownie, Kommandant Karter, Bumbling Bobby Boik) and having to live in the Chicago hell hole will be enough to keep any quality candidates away. The CPD will soon resemble to the old Dixmoor Park Police and the demise of Chiraq will continue.
Why would anyone join the CPD when it is obvious that it is nothing more than a care taker job and if by chance you transgress in some way you will be hung out to dry. Rational people say “No thanks”!
Brown said needs 1000. But 60-70 every 6 weeks. That means on pace to hire 480. 1000 was a real need. 480 is optimistic. So maybe 50 every 8 weeks which turns into 300 real new feet on the street. If no more retirements then it’ll take 3 years to fix. In the mean time other States are actively pursuing good recruits. Why would anyone go to Chicago? Can you say death spiral?