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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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Amazing how Trump-haters have lost their minds, so much that they don’t even realize (for example in this instance) that the Chicago Police Union AGREES with Trump & Sessions. The Chi Police Rpt “Plan” is bogus, just like I saw ours here in Baltimore, our Mayor”s “Plan” — which will do NOTHING to reduce crime, and will only make Police go on high-alert to AVOID situations ! Common-sense methods like mandatory, long jail time for 1st offenders, SPEEDY death penalty for murderers and attempted murderers, life sentences for many other crimes….more prisons, and yes STOP & FRISK. None of those… Read more »