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"Nobody knows right now how the ShotSpotter issue will be resolved, but given the principles of both inertia and fantasy-lawmaking which govern Chicago’s politics, the safe guess is that the city will find a way to avoid suddenly switching the program off unceremoniously."
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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Talk about someone that shouldn’t have been on a ballet. Mayor Raggedy couldn’t cut the mustard as a token black character on “ F Troop “ if he tried.
He reminds me of Martin Short’s character Ed Grimley on SNL.
https://sm.askmen.com/askmen_in/photo/e/ed-grimley/ed-grimley_rwjq.jpg
He reminds me of “Zippy the Pinhead” a star
Of the sideshow
Yes, he’s incompetent, but Lightfoot’s paving of the way, has been wiped from history.