-- 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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Cops should not fight crime. Cops should stay in the station and answer phone calls to take reports only. A huge savings in payroll costs when only a couple hundred officers needed to be report takers. Someone is robbing a store or someone on the street, give them the number of the local crisis intervention specialist. Shots being fired, shelter in place until is over. Fights or assaults in progress give the phone number of the violence adjudication specialist. Traffic accident, call your insurance company, no insurance, too bad. Direct everything to a social service or the County state attorney… Read more »
it is time for a national police walkout. If defunding police is what democrats want, start with their own neighborhoods, and remove government officials’ private security details.