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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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Uh-oh. Wasn’t Edison Park the last safe Chicago neighborhood?
Trick question. There is no safe neighborhood in Chicago
It’s almost like there is a war going on, but the criminals are winning.
I remember watching the same kid of stuff on The Sopranos, Goodfellow, and even older mob movies. And in the news. Going back into the 70s.
Every data point is not a means to panic. That’s why statistics is important. Recency bias will always get us if we let it.
If you’re talking points are “things were worse in the 70’s and 90’s” then you’ve already lost the argument. Half the population today wasn’t live in the 70’s or 90’s and didn’t experience the mayhem of the 70’s or the crack wars of the 90’s. What they are experiencing today is completely foreign to them.
Which is exactly why we need to bring in the French Foreign Legions.
Viva La Franchise! Get those youngins.
It’s true that things were worse in the 70’s and 90’s. That’s a weak argument. When things get fixed, shouldn’t we make sure they stay fixed? The question is how did they get broken again?
Lack of Law and Order….dem politicians defunding the police
So comparing to the 70’s is your point? Well, using your own logic of statistics being important then you have to look at the trend. If it is getting bad again, that is the problem and you point on recency bias is a non sequitir.
Have Won the war.
Their civil war is our WWII.
The criminals now have the advantage of the Safe T Act, a hamstrung, demoralized and over-scrutinized police force coupled with liberal judges and a Soros funded prosecutor. I guess that’s part of the equity we’re striving for in IL.