-- 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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Can anyone define the Community or Chicago Values?
Chicago police leadership is all politically appointed know nothings in charge because of not what they know but because of who they know.
A triple promoted merit “leader” downvoted this comment.
How about the “community” go first and reduce crime by producing less violent offenders?
How about the “community” adopt a moral code where they don’t harm their fellow neighbors or covet their neighbor’s possessions?
How about the “community” cooperate and assist the police in making their neighborhood a better place?