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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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The entire city and neighborhoods that previously you would think should not have issues now do. Yes police live in these areas and yes they armed. Many people are armed. This is because of the current catch and release program along with no consequences. These criminals are completely out of control and go out into all areas of the city to rob, pillage, destroy, carjack, violent offenders constantly being let out. That’s a complete dereliction of duty by CCSA Kim Foxx and Timothy Evans and Dart. The jails should be filled to the brim. Affordable bail, weak judges, no real… Read more »
They claim that having police officers live in the city reduces crime, if so, why does Mt. Greenwood of all neighborhoods need private security? Could it be that residency requirements are about control and not safety?
Nature abhors a vacuum.