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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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Dem pigs will never be at a loss for a means to submerge their snouts into the trough of taxpayers money and feed until sated.
“Alleging ‘civil rights’ violations by police, these firms frequently win mammoth, taxpayer-funded settlements that city leaders seem all too willing to award.” Cook county juries are awarding mammoth jury verdicts which in turn leads to city leaders awarding mammoth settlements. I’ve listed the insane jury verdicts Cook County juries have awarded. Cook County hates the Chicago Police and whacks them every chance they get. Keep in mind that behind the ‘successful’ high profile big $$$ cases you are the hundreds if not thousands of cases that you don’t hear about, because they get kicked out of court. Those cases don’t… Read more »