-- 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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Is carjacking legal in Chicago? There seems to be some debate on this.
And which neighborhoods will the additional police be pulled from? The criminals want to know!
Whichever alderman has given Lori an eye roll can expect to be slightly down on staffing. Lori creating problems for her detractors. Lori can’t hear their criticism from inside her bubble.
Sounds like a plan to me with expectations of results that only smoke and mirrors can provide.