-- Connecting the dots between our economy, government and business --
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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
The weather is getting warmer. More of the Wildlings will be out at all hours now.
Last week the kill ratio was 25%. This week it is just a bit higher. The bad guys who are out on no bail release after their last murder must be using their time to practice at the range.
Without the expert medical attention the death rate would be higher.
Chicagoland hospitals are getting quite adept at treating gunshot wounds. They get a lot of practice.
My condolences and heartfelt thanks to the ER personnel who deal with Chicago’s carnage.