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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 a stain on the justice system when thugs like this get to walk the same streets as law abiding citizens. There is no reason we should have to walk around with our heads on a swivel because judges let these perks walk
He is a top candidate for the ghetto lottery-Corporation Counsel Settlement program from Chicago. He must have been wronged somehow by da’ man.
It’s kind of telling that offenders are so cock sure nothing is going to happen to them that they can brag openly about it. A repeat felon low life in NYC recently escaped the charge of first degree murder he deserves in the killing of a policeman. The case was clear cut, but a confused by the defense and judges instructions jury found innocent of murder, even though one juror polled said they voted for first degree charges. The whole mess wound up with manslaughter charges and perhaps, but not likely, a 90 year sentence which will be commuted after… Read more »