-- 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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X-Mas On Michigan Avenue Is Hunting Season For Crime-Thug Savage Wilding Mobs
With the shortage of CPD officers, citizens can expect even longer response times, if there’s any response at all, during rush hour.
CTA el users need to read a self help book authored by Bernie Goetz in the 80s called “NYC Guide for Straphangers.” It’s an old read but the main principle would work todays Chicagoland.
Are they adding more social workers to patrol the streets?