-- 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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***”First, we must remember Chicago is experiencing historic reductions in violent crime on the South and West sides,***
After *historic* increases, any reductions will be *historic* as well…
Not to mention the *historic* increases in other parts of the city…
Add in far fewer police to take the reports of crimes & “viola!” *historic reductions*…
Hogwash!
Hobbling law enforcement is NOT helping … check the crime stats if you don’t believe me.
The making so much progress nobody wants the job!
Back door process to defund the police. Make the job so miserable that nobody will apply. Brilliant!
Too bad they can’t make real progress on crime though.