-- 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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There is absolutely nothing that would entice me to risk my life by coming into downtown chicago. It has become the worlds largest outdoor shooting gallery and carjacking emporium. The thugs can beat you up or kill you and they will never spend any time in jail. Your grieving family won’t get justice for you and Lori will probably hire your killer as a CTA security guard. The 10.25 percent sales tax doesn’t help either
Why bother? SAFE T takes effect the police department might as well be disbanded.
Chicago Braces For Annual Holiday LOOT-A-PALOOZA
“… businesses are doing their best to roll out the holiday cheer as they try to entice shoppers to come downtown and open up their wallets.” Yes, I’m sure downtown Chicago will be bustling this holiday season with shoppers. Also, the shoppers could open up their wallets twice; once for the businesses and once for the thugs!