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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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“But an analysis shows Chicago is spending more on policing per person than at any time in the last half-century despite a persistent drop in crime over the last two decades, while the vast majority of murders remain unsolved.” Chicago is spending more money on police and crime is decreasing! Duh! How stupid can ‘journalists’ be? Hahahah This is the “Jim Acosta” moment, where he’s walking past the border wall while saying, “there’s no problem here, why do we need the wall?” “This story was originally published by Injustice Watch, a non-partisan, not-for-profit, multimedia journalism organization based… Read more »