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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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If you are a cop in Chicago and you actually care about doing the job, yes it will make you crazy. The chances for advancement are slim if you’re white and don’t have a political connection. The promotion of less than UNqualified people to positions of command, the never ending attacks from the media and from the department as well will drive you crazy. The court system under a state attorney who is incompetent and pretty much a black racist who will not prosecute criminals because the police are attacking members of her community, will drive you crazy. A city… Read more »