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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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All kinds of First Amendment concerns here. Assault is one thing (fear of one’s life or security) but writing tickets for being insulting or shouting “coarse language” will not stand up to Constitutional scrutiny. And maybe one day downtown Chicago will be the quiet, leafy Kenilworth street that the alderman prefers. He legislates and rules like a suburban mayor, rather than the alderman of a vibrant hospitality and business district. I understand his desire to respond to every single complaint of his constituents, but at some point you have to start telling people that you live in a 24/7 big… Read more »
Gee, I’m sure that won’t be enforced disproportionately.