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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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Shouldn’t the sheriff’s office be explicitly involved in monitoring criminals? I wonder if the same liberal judges that loved the Safe-T act will just be waiving this monitoring requirement and sending people on their way in the name of compassion for the criminal, and at great risk for the citizens. I am all for consolidating needless government, but yielding to yet another tornado of liberal ideology does not seem like the best solution for the safety of our communities. These policies are not reducing crime, as evidenced by Chicago’s #1 spot on homicides for 13 years in a row.
If anything, this article is good example of how it’s next to impossible to implement even small changes in Illinois municipal gov. Or merging of Illinois CRAZY 9,000 units of gov, especially now that Amend 1 is passed.