-- 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
The cameras would be shot out or disabled by local criminals just like the fire doors in the projects were welded shut by the drug dealers. Better to have no cameras at all than to have dozens of non-working cameras.
Lori doesn’t want cameras, they have an inconvenient tendency to expose embarrassing activity that runs counter to the narrative. The Douglass Park Lagoon has more bodies than Burr Oak. Somebody should start the Rumor Hoffa is there. Lori would go apoplectic.
Lori would be ecstatic and be on all news networks if she found Waldo floating in the lagoon. I found Waldo and that’s why I was elected mayor to get the job done.
Lori loves positive exposure. WGN sent a camera crew to cover the all the floaters popping up in the river. There were so many they thought it was a teens and young adults parade on their way to a gathering.