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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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This program is just typical Democrat misdirection to throw money at the Dem machine workers administering the program. Everyone knows that city workers or their agents are NEVER going to solve anyone’s mental issues. Further, of the criminals class in Chicago, it’s only a small percentage committing actual crimes who have the mental issues which need professional help. Instead, the typical Chicago criminal is the one INFLICTING trauma on innocent victims. This is not even arguable. What’s really needed is a program called Long Term Incarceration Sparing Trauma in Innocent Chicago Victims. But we all know that’s never going to… Read more »