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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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Question: how much did her attorneys end up with? Likely 1/3rd plus expenses.
Pays to be a lawyer in Chicago – the work is easy, you never see the inside of a courtroom.
every where you look political class in illinois is out-of-control…all aspects…and we (non public union taxpayers) are their vassals…..
Weather you agree or disagree with Anjanette Young settlement, it seems what’s never addressed in media is what role Chicago/Illinois lawyers(ITLA) plays in all these lawsuits. Truth is it’s a gigantic business. Was listening to wgn a week ago and i believe they had Adam Schuster on saying that Chicago has paid out $500 million in legal settlements over past 10 years–2nd only to NYC nationally a city +3 times size of Chicago. Many of these trial lawyers formally worked for city law dept. How much do these lawyers or ITLA donate to alderman? Frinds of Chis Welch, Dem machine,… Read more »
Chicago PD are overworked, understaffed and completely demoralized. They spend a lot of their time just flying by the seat of their pants. They get a facebook photo from some drug addict confidential information and that photo becomes evidence for 1st degree murder charges on the flimsiest of evidence. CPD has so many cases they treat Class X felonies like speeding tickets, writing up charges and moving on to the next one. It’s actually shocking how cavalier they because there is just so much crime. I have no doubt the CPD crime system convicts innocent people because they just open… Read more »
CPD should come over to my house and I’ll answer door naked too for that size payoff. $2.9 million is disproportionately huge compensation for person being subjected to profound embarrassment for a brief evening.
I’ll do it for $1 million. Unbelievable the utter contempt for other people’s money.
police officers should be able to claim PTSD after being subjected to seeing her naked.