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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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It’s not working in Chicago, where criminals are released regularly. It’s most certainly ‘working’ in the rest of the state, where the law of unintended consequences have taken hold. Throughout the state, criminals are being held without bail, when before the law, they would have been given low bail. And the appeals courts, which have a ‘fast track’ route to examine pretrial bail cases, consistently defers to the criminal court judge and prosecutors to keep criminals detained. It’ll take a few more months before the progressives realize what is going on, but when they do, they are going to freak… Read more »
A suggestion to Wirepoints readers. Please visit CWBCHICAGO.COM and read about some of the terrible incidents of violent criminals being released with no bail. No consequences, no reform, no safety.
And a sentence frequently repeated when a news channel reports a crime
“no one in custody”. That’s right, and why should there be anyone in custody when violent and non-violent criminals go free anyway thanks to our communist legislators and governor.
CWB is a great website!
2 downvotes, 1 from JB Pigster and 1 from Cabrini Kim, go figure.
The downvote is your badge of honor. I love downvotes. You exposed the truth and information of where to go for the truth! Thanks