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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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How about this… If the folks who commit crimes stop, there will never be any reason for a raid… If there is never any reason for a raid… Well, so much for that thought experiment… Now back to pragmatic realities… Mistakes are going to happen… It seems as though the police were not abusive, but simply less compassionate… Which, to be honest, the way the 99% decent police are conflated with the 1% bad is unsurprising… Also, they do have a responsibility to verify information when they are told, as Shaggy says, “wasn’t me”. Should the City write this lady… Read more »