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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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Pretty good opinion piece – amazing how common sense and decency are at a premium for Chicago Democrats.
“The solution here is simple: the police must arrest offenders, and the prosecutor must prosecute them. Foxx should put her personal feelings about drug offenses and “nonviolent” crimes aside and do her job. If Chicagoans want to ease criminal penalties for some crimes, they can push their legislators to do so, via statute—but having a state’s attorney openly ignore current law is destructive to the community.”
Who would of thought – for such smart people, the Chicago Democrats must be derelict.
Not only Chicago the whole state is also