-- 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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This article shows the complete and total failure of defund the police alderman Sophia King who is totally soft on crime. She engineered the removal of the Columbus statues which was the starting point for the rise in crime in chicago’s Loop and south loop. She will definitely be voted out and hopefully will be investigated for various ethical issues. She has allowed Hyde park to be taken over by criminals in her hopes of restorative justice, ie pandering to criminals.
She will remain in the City Council. Who do you think votes for her? She’s not looking for the law and order vote.