-- 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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Easy way to defund the police department. Anybody think that crime is out of control? Get serious about Covid vaccinations, fire 3000 cops and then watch the crap show.
The covid vax mandates, the forced overtime, cancellation of days off, 12 hour shifts all summer long, COPA constantly looking over your shoulder, a community that hates you, and a new academy class so small they could fit in to a mcdonalds (and most are likely defund the police ideologues themselves)….that’s how you defund the police without actually defunding the police. And she’s trying to handle the political fallout from the massive crime increases by blaming Foxx, for which she rightly deserves much of the blame.