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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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The hatred of cops is really the dumbest, lowest IQ belief out there. The community hates the police, and young black men especially hate the police, because the police are the only authority trying to stop them from engaging in antisocial behavior. Antisocial behavior is glorified among young black men, the rap music and videos and social media culture thrives on violence, pride, respect, getting revenge. These kids see what’s in front of their face – the local beat cop aka police – is one of their shared enemies, in their small, closed off little world. So that’s what they… Read more »
Does this ruling render COPA useless?