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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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This is how Illinois crime enabling Democrat frauds are defunding the police — taking $1B away from law and order budgets.
Exactly right. The SJWs are doing this in an underhanded manner to avoid detection. They know that law and order will be a big issue for them going forward. It will be difficult to unwind the clock and undo these requirements. They want to hamstring the police as much as possible.