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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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It’s the juries that see these cases as jackpots. This nonsense doesn’t happen throughout the rest of the state, or even the rest of the country. The Anglo-Saxon tribes – who uniquely among all peoples of the world set up a jury system that no other legal system in the world utilizes – never envisioned the absolute disaster that is Cook County. But on the other hand, maybe they did. The Anglo-Saxons were a drunken, backwards, illiterate group of people that let it’s citizens get away with murder as long as they paid werdgeld, otherwise known as blood money, defined… Read more »
Ya think? That became evident when Kim from Cabrini had people coaching cons on how to sue the city on her staff. And it always seems to be the same lawyers at the forefront of “ social justice “.