-- 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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Just go to CWBCHICAGO.COM and read the almost daily articles about violent criminals arrested for more violent crimes while in electronic monitoring or no bail/low bail. Its gonna get worse because Pritzger is going to sign new reform bill on policing that is opposed by 100 of the states attorneys out of 102 total counties. Cook/County/Chicago wants it, Pritzger will obey his masters.
Shame on Loyola for hiding behind percentages to arrive at the politically correct conclusion in their report. In real life, we live with absolute numbers of crimes, not percentages. Certainly the people who wrote the report know that.