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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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If you read what is in this bill you will come to the conclusion that it is so anti police and anti law and order that we will descend into wholesale lawlessness. It will virtually eliminate police protection for every one. It eliminates so many protections for police officers that none of them will be able to risk their homes and the futures of their families if they continue to be employed as police officers. It eliminates their ability to negotiate with their employers except on dollars and cents issues. People will not enter the profession because a police career… Read more »
The upside is that if you feel wronged or disrespected by an enemy, you can pretty much shoot and kill them with little chance of being caught or facing murder charges. And if yo’ure a member or a gang or a criminal organization, staying in a community represented by one of these reps, this is a good things from your perspective.