-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
“15 high-crime pockets”, hmm, that includes Downtown Chicago and Mag Mile, given number of car-jackings, drive-by LSD shootings, muggings, wildings, shoplifting episodes, et al.
Its about time they redlined the hoods with all the crime even if they are mostly black, thats not racist, its common sense. You go to where the crime is, not where it isn’t. We’ll see if this is for show.
Bang, bang – and it’s not Covid, my dear. Chicago’s skyrocketing street-side shootings are far deadlier than its accrued Covid-related death-count for same time period. And that’s despite Chicago’s draconian 15-month lockdown. Hmm.
Until Chicago – or any other major city – decides to proactively police, thugs will rule the streets. The police need to go on the offensive but that will never happen with ultra left-wing mayors and prosecutors in office. Bye-bye tax base.
Sorry, never click fake news NYT! even if it’s real news!
Hmmm….sounds familiar. Hundreds of cruisers around the hood with lights and woop woop horns.. get Guidici from streets and San to move garbage trucks around and explain at a dog and pony show. Wear gonna move dat truck over deer. Little Lori Theatre! Nothing more, nothing less.