-- 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.
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It was nice to see one of the robbery crews apprehended after robbing from an Oak Brook retailer the other day. They are charged with multiple offenses and held on hefty bonds, but only because they were apprehended before they could escape back to Lil Kimville. Dupage County should enjoy it while it lasts. Governor Cement Head won’t allow locking up these hoodlums anywhere soon enough.
Crews? I thought Chicago was famous for Dance crews, ya know like Bud Bilikin dance crews! Do they have designated neighborhoods? Competitive robbery crews! Any comments from Herself?
Chicago is tourist destination for criminals to commit crimes with free bail. It’s a crime mecca playground for thugs.
Yep, a new take on the Happy Hunting Grounds. I’ll bet when one gets caught they are released in less than 24 hours.
Not bad when you consider how long it would take to earn that kind of money actually producing something of value.