-- 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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Normal? “Released prisoner dies from 64 bullet holes in drive-by, senior citizen gets knee-capped” is normal?
How about Londre Sylvester? The much beloved local rapper shot 64 times exiting the jail. He was so cherished the entire neighborhood came for him. The city council is expected to debate how this incident, or situation is tabulated. Mass shooting or 64 murders. Lori? KimmiTimmi n Toni?