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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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Police don’t cause crime. They don’t even stop it. They barely even prevent it. They primarily respond to it. And they do a lot of responding because Chicago is a lawless hellhole. Only the lunatics believe that defunding the police is going to fix anything. They had 16 cops or something for that degenerate drug addict who tried to kill someone in a truck and then walked in the middle of the street with a knife puncturing car tires and swinging his knife wildly. 15 of the 16 cops all wanted to shoot this public danger but held steady. The… Read more »