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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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This is how you get corrupt police departments on the take. First you exclude outsiders from policing the community, then you require that officers pull over only people with the same skin color, and before you know it, the Gangster Disciples or Latin Kings have dozens of officers on the payroll of the CPD, taking bribes, arresting and framing enemies, or just plain on the take from the criminal elements in the community. Ald. Beale knows this too and that’s exactly what he wants. CPD is having a difficult time recruiting officers to begin with and now they want to… Read more »
I believe it was in the 80s that the Chicago PD was being Infiltrated by gang members. To stop this the city changed the application requirements to 23 years of age and sixty college credit hours. Once the situation was under control they lowered the age back to 21 but kept the college credit hour requirement. Now there is talk of changing that.
Is it possible the current leadership is unaware of the history? It might be worth asking that question of the current Superintendent.
Corruption is the goal and the default situation throughout history.
The gangs have infiltrated all Chicago departments. The city council is where they hide in plain sight. Then when it gets hot they wear a wire and all is forgiven