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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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No arrests? I wonder why that is. Because the police won’t chase. The State’s Attorney won’t prosecute. And now the bad guys won’t even have to post bail because of the bill that JB just signed and because the perps are the victims (of systemic racism). Is this a great comedy show or what!
So sad it is funny.
Interesting strategy, IANAL (but my neighbor is a lawyer), the state police sort of have immunity from collateral damage, and even if someone tried to sue the state for a reckless police chase, they could have to file it in the court of claims, so there wouldn’t be the outrageous jury verdicts that low information, and defund the police jurors regularly whack the Chicago police department with at trial.