-- 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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The real number is 479. Remember Xway homicides don’t count according to the city, neither do shootings as they are under control of the Illinois State Police. Those shootings and homicides just disappear. Get the real numbers @ HEYJACKASS.COM
If the past is guide, crime will remain elevated for a decade or more until a new generation comes along and gets tough on crime.
God forbid it takes that long!