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"I’m talking about the city’s chronic reliance on high-priced private law firms, instead of its large, well-funded legal department, to defend lawsuits against the Chicago Police Department — particularly civil rights cases involving misconduct, brutality, and wrongful convictions. We’re not talking about a few consultants here and there. It’s a legal gravy train that’s diverted over $250 million to outside attorneys in the last decade alone, with no end in sight."
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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