-- 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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Let’s hope the carjackers don’t take this as a challenge and up their game in the 4th quarter.
What Chicago needs is an undercover carjack victim decoy unit of the CPD to “engage” armed carjacker teams.
No doubt the usual pols that cry about POC being in jail will cry foul if this would be tried out and God forbid actually bear fruit.
Chicago will experience a drop in carjackings when carjackers experience an increase in fatalities when plying their trade.
It’s called an election! Go pick stocks.