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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 plan will “… offer teens a chance to play sports …” Let’s see, if I’m a teenage Chicago thug, I can carjack or hold people up and get free cars, money, etc.; or I could play sports. Let me get back to you in a bit on what option is more attractive to me. Also, the option of playing sports means the thugs would need to get money some other way, such as getting a job. What a disagreeable concept! Remember when Chicago was civilized? When I was a kid in the 1960s, we’d just get some neighborhood guys… Read more »
insert Seinfeld meme: “Good luck with alllll that”.
Proposed downtown security plan for us law-abiding Streeterville folks: don’t leave your building, stay at home, remain away from your windows. Or go out-of-state for weekend.
Imagine being a teen or something youth, looking forward to a weekend of wilding, YOLO (you only live once) and believing that, this weekend, you will kill someone or be killed instead. It’s like there an organized hunting these people down and shooting at each other. They’re simply getting into beefs over drugs or money or women or pride, many times over social media, and the anger spills over into violence. The safest route would be to just stay at home and play the game (Playstation 5) and keep away from the nonsense, but they intentionally go out, armed, and… Read more »
It’s called Run and Duck. Days off cancelled? Hmmmm….something new!
His plan-Leave the city if you want to be safe if not you are on your own. Good Luck!