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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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Fantastic summary by the McHenry County states attorney. While he suggests the language of the bill requires judges to release criminal defendants unless the court find, ““real and present threat to the safety of a specific, identifiable person or persons”, what’s going to happen is that 99 of the 101 counties (woke Cook and Lake excluded) are going to lock up more defendants pretrial than ever before. The victim in every case who presses charges will all that will be needed to ‘lock ’em up’ until trial. They’ll say there is a fear that they will retaliate, or threaten them,… Read more »