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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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Yes and no. Any thinking Chicago cop already knows what the progs think of him and his profession. Old cops will retire faster. Young cops will lateral to an area that appreciates them — perhaps even move to red states.
I feel sorry for the cops that have about 15 years on. They have too much vested in Chicago and are kinda too old to start over somewhere else.
Nah, I hear we’re all going to get a three year grace period for paying our property taxes from Mayor-Elect BJ…. And, even better, when you’re frustrated just go and do some cathartic LOOTING. Clown world….
Its not the Police’s worst nightmare. It’s the law abiding citizens worst nightmare until we leave Chicago. Self protection thanks to the 2nd Amendment and Vigilante justice will become the only form of policing and criminal trials.
Nightmare? They will resign with a multimillion-dollar pension to buy a luxury home in Punta Gorda, Fl. It is good work if you can get it. Want a Cop? Call the Punta Gorda Yacht Club.
As they should…. All downside and no upside in that job…. On the plus side, if you’re a social worker, you can find work in Chicago as a criminal/violent crime-abator…. It’s kind of like being a police officer without a gun…. What a great job!
Multimillion dollar pension man u need some serious psychiatric help soon
Black lives matter demanded less police on the streets and they are getting their wish. What’s the problem?