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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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“Chicago Police Department was sharing the database with more than 500 external agencies”
500???? who are all these agencies? seems like a really big number.
This is a problem because, unfortunately, gangs are as much a part of life for south and west siders as, say, lawyers are as much a part of life for north siders. Virtually every north sider is a lawyer, or lives with a lawyer, or has a lawyer family member, or knows a lawyer in some capacity. It’s the same way for gangs members on the south side and west side residents. Except that there are licensing requirements to become a lawyer and none for a gang banger, so they do the best that they can; when every local thug… Read more »