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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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Not mentioned is which party has been gung-ho on public employee union rights for decades. They never seen to anticipate the consequences of their ideas.
Fantastic reporting!! So basically, all of Chicago’s police reform attempts are simply a widow dressing act for the dullard voters and meaningless without eliminating IPLRA-section 15? Where are all the fake machine progressives & blm lib radicals demanding eliminating IPLRA-section 15? Oh, wait, dummy me, if state eliminated IPLRA-section 15 that would apply to all gov union contracts from teachers to cops to fake lib pols, not just cops, and that for our “rules for me but not for thee” upperincome hero ruling pol class would be simply unthinkable. But they can still plunk down a blm sign in their… Read more »
Time to get rid of all cops. The chit show will be awesome. Arm yourself and forget about relying on someone else to provide protection. The large urban areas will be destroyed within a month, rural areas will defend their homes and families. At the sound of the horn let the Purge begin.
Unfortunately this is what may be headed are way