-- 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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They really didn’t think this through. Spending money to achieve a false sense of security is not wise.
Private security is not a deterrent to Chicago’s thugs. They do what they want, wherever they want, with no consequences. Everyone else is merely prey in their world.
Chicagoans need to wise up and realize they’re on their own, no one is coming to save them.
Question: if there’s not enough cops to patrol Beverly in the first place, what makes them think that there will be a cop available to show up after a security guard calls for one?
Defund the Police transformed into Fund Private Security! Libertarianism at its finest!