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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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So “defund the police” is really “bonus-hours for police”.
And Lightfoot should disclose the cost for that ARMY of CPD cops who are assigned to sole duty of 24/7 protecting her house. Big secret only disclosed by her “hateful critics” like Wirepoints and Chicago Contrarian and Second City Cop. What a mental-midget she’s proven to be!
Lightfoot should maybe “reimagine” the police utilization instead of just telling them all to punch out later. In an episode of the Andy Griffith show I remember an episode where Barney reimagined policing by giving some crooks in the cell a Mr. Potato Head game in an effort to rehabilitate them. Now thats the kind of mayoral thinking that might work at least just as good. If you’re going to defund you’ll need lots of social workers and Mr Potato sets to fill the gap.
I’ll take the Mr. Potato Set! – YouTube
Great comment, I think Barney’s solution is better than anything Lori, Kimm or Tim can come up with
It is good that the focus has partially shifted to Rahm for the current disastrous situation we are in He was a horrible mayor– from finances to police policy to crime to caving to the CTU to corrupt TIFS– and he doesn’t get his fair share of the blame
The city had 77 shot over the weekend and spending OT on scarecrow policing. Is there a way to quantify that the plan was truly the best use of resources? Does the plan really have any impact on crime?
That would depend solely upon how many arrests were made.
Remember, BLACK LIVES MATTER, and the fewer arrests of innocent blacks the better.
Corporate budgets are a huge waste of time and just an exercise in perfecting bllsht. Now a municipal budget is a little different. Question: As mayor is Lori a Fiduciary? Does she have any responsibility for the City finances? Is she indemnified if she wrecks the city?
If she is a fiduciary then what about Richie and Rahm? Those two birds are the ones responsible for trashing the municipal pensions and wrecking the city’s financial outlook to begin with!!
How is it that Jeff Skilling went to prison for all those years for trashing Enron and its employee pensions and these crooks do not:
Looks like *defund the police* means something different to the left, then what it means to the rest of us…
Further proof the finance department is loaded with moronic cousins of cousins and auntie. Blanket overtime for everyone will add up quickly. I wonder if anyone had the courage to warn Lori of the budget implications. Brown could care less! Lori wants everyone on duty? OK, it all rolls up to Lori! I wonder if Brown ever looked at a budget when he was in El Paso?
Budget, schmudget…
It’s not *their* money…