-- 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
Lori intends to remake the police force in her imagine, all of them brown as in wearing brown shirts, enforcing compliance with the latest social justice warrior objectives.
You madam mayor need to do a better job respecting your police department and back them. You madam mayor are constantly bashing your officers in some way shape and form. It’s not just officers retiring they are up and quitting which you seem not to mention to the news media, get up tomorrow morning madam mayor and look yourself in the mirror and say yes I have fing screwed up, fix your mistake.
hahahaha, yeah, because that’s the problem….
Lori should recruit trained officers from her favored group of bangers since she hates police so much.
Funny how they scream defund, abolish, and reimagine… Then the minute the CPD starts to self-downsize organically in response, creating openings at no cost to the mayor, she flips out over getting exactly what she wanted, fewer police, a blanker slate. Seems like defunding will in the end turn into massive funding.
He is correct.