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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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I’m shocked there’s more than one comment on this story as nobody pays to read the Tribune anymore. And who is Steve Albini and why should I care about what he says? And I don’t get his argument. He would rather pay a fine for speeding rather than get stopped for speeding by the police and possibly given a warning instead of a ticket based on the officer’s discretion? Is he saying that he was once stopped by the police after speeding and didn’t get a ticket and he is upset about this? You have the right to insist on… Read more »
Does the permanent victim class have to pay for speeding tickets? I don’t think so. They get everything else free from Lori in exchange for votes.
I think I know what he’s getting at. It’s been many years since I’ve been in traffic court but I noticed an absence of attractive, young females in traffic court. Naïve me assumed there weren’t any there because they paid the ticket instead of fighting it or trying to get supervision. Not in favor of speed cameras but maybe there is some justice with speed cameras now.
It’s because there aren’t many attractive young females remaining in Chicago which has its own traffic court in the basement of the Daley Center. They’ve all left or gain 100lbs
Yea OK, the cops are always looking to write tickets! Most don’t want to get out of the car any more than you want a ticket! Subsequently you have cameras. Nice revenue stream and the camera won’t give Lori the finger. How many maniac car jackers pay?
Hey Chicago you continue to vote these fools in office and expect something diffrent!
Wake up and change your vote fools!
Authoritarian but definitely not racist! Oh and poor people shouldn’t have to pay the tickets because economic hardship.
In Chicago I always go very slow, 5 mph under, and I don’t ever dare to make a right turn on red. Learned my lesson on both of these… But fortunately I don’t see myself driving into Chicago ever again, maybe Midway, no not even that Ill use a limo.