-- 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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Safe as taking a stroll in the Ukraine or Syria.
Paint a rosy picture while tragedy strikes. That is a very well honed attribute of Illinois public figures. what else is new?
Do the social workers agree that downtown will be safe?
Yes, I think we now know scarecrow policing does not work. Plus pro-crime Lori and her brain trust have put in place policies that stop the Cops from chasing perpetrators. Downtown merchants, wait until the Democrat promoted SAFE -T act goes live on Jan 1. (Btw, that act will disproportionately hurt black folks, who will be the majority of victims. So dumb. You can’t make this stuff up.)