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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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Yeah, he did such a bang up job in Dallas that he changed his address to Chicago after being told to leave
In his defense, he’s dealing with very strong anti-police sentiment after this racial reckoning. Many of his best cops have left the force and the ones that remain have mostly gone fetal. He’s dealing with a Soros prosecutor who won’t charge people arrested perp and a Chief Judge that releases them into the community to commit more crimes. Then, on top of that, he’s got a defund the police mayor who is actively trying to burn out as many cops as quickly as possible to reduce the size of the force without actually reducing the size of the force. Brown… Read more »
Change the culture! Lol!