-- 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 are more Chicago Cops in Punta Gorda, Florida than in Chicago. They are pouring in buying up all the Real Estate. Thanks to the taxpayers of Chicago and Illiinois.
What a great job for a gang member.
Stupid chickens.
If you haven’t noticed there have been several high profile instances of newly hired police officers engaging in some nefarious activity off duty. Scraping the bottom of the barrel has consequences. Yes, scandals are always around when there are 11 to 13 K cops but many of those scandals involved the protected class of cops who were “clout” heavy. Hiring just to fill positions and disregarding previous arrests, drug cases, domestic violence etc will have the expected results. Years ago if you applied for the cop job and received a traffic ticket you may not have been hired.
I can’t even imagine who in their right mind would want to get into law enforcement, especially in a big blue woke city like Chicago…
I commend those that think they can survive, but you will just be ground up in the cogs of wokeness & discarded…
Serpico Trailer: 1973 R
An honest New York cop named Frank Serpico blows the whistle on rampant corruption in the force only to have his comrades turn against him.
Stars: Al Pacino John Randolph Jack Kehoe
https://www.imdb.com/title/tt0070666/