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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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I got through college working the extra board as a conductor, flagman and motorman on the CTA Lake Street rapid transit line in the 196o’s. One of my most vivid memories of the job was the Monday mornings after the “Rush hours” when the fine ladies of Oak Park hopped the train for a quarter and taking took their garbage and trash to the Austin Avenue stop, first stop in the city, and dumping the bags at the station. They then caught the next westbound train to home. Oak Parker’s have been phonies for decades.
I know a prosecutor who was in Cook County state’s attorney’s office who told me he uses his peremptory jury strikes on anybody from Oak Park. That’s during jury selection, when prosecutors have discretion to throw out a limited number people from the jury pool for any reason they want. Oak Park residents, he believed, pretty much think nobody is guilty of anything and always vote to acquit.
Great article!
That’s just the Cliff Notes version. The far left dominates their council and local politics.
Talk about communism. That sounds pretty bad
This is bad.
And it could also describe almost every town within 50 miles of Chicago
Mark for Lt. Governor, Ted?
I lived in Oak Park for a year. I was mugged in front of my apartment building. Was bruised from being pushed onto cement sidewalk. Mentally, I was very shaken up and scared. Had about four dollars in my purse. Avoided using a regular purse with a shoulder strap again.
Good-bye Woke Park! I don’t miss you.