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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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He has been in office since 2006, almost 17 years…
What has he actually done to address these issues…?
Except of course to virtue signal…
Tom Dart, the lone white man with any common sense, just made an unforced political error by speaking out. The very concept of timely justice is racist because it further enforces a system where black and brown folx are locked up indefinitely for the crime of being poor, or being the victims of a systemically racist system. My gut feeling is that Tom Dart knows his gig is up in Cook County and the black caucuses are angling to make his fifth term his last. Nobody speaks out like this – advocating to rapidly incarcerate MORE BIPOC – without some… Read more »
Why am I not surprised you’re attacking someone standing up to the status quo’s ante? Did you consider the obvious before typing all that out? Maybe he’s sick of it all, just like most of us.
Tom must be a slow learner. If we have to wait this long for people to get sick of it all you can turn out the lights, the party is over.
No unshockingly, after the poor reception of this editorial, he’s quickly switched gears, saying he needs more money to steal back guns from FOID card holders with revoked licenses.
I think you’re right. I think he knows this is his last go round as sheriff. As for Dart running for mayor, I think he’s smart enough to realize he can’t win. A lukewarm version of Vallas.