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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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While there are some great deputy sheriffs in the Cook County Sheriff’s Office you have to realize it is a highly political office that does not want to take on any responsibility. Responsibility means liability to Tom Dart. Take a look at how long it took for him to deal with prisoners/inmates who were exposing themselves(and more) to attorney’s coming in to meet their clients. As a Sheriff’s Department they are really a failure at providing the basic services that virtually every other Sheriff’s Office in the state does.