-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
In Chicago, the perception of violent crime happens inside your residence, and the reality of violent crime happens outside your residence when you get mugged.
This is no small beer. When Detroit became a Safe Space for criminals you know how that worked out. It hasn’t recovered since.
Tires screech and sirens wail SAFE T here no crooks in jail Drive a Beemer just beware Carjackers lurking everywhere Gas taxes rising no end in sight Contractors get jobs if the bribe is right Heaven help us the end is near Pols don’t see it to us it’s clear Whatever happened to a once lovely place Democrats laugh right in our face Burnham was right this place was fine Now a slum with lots of crime Looking for answers and some hope The mayor is a failure just a mope The Second City was the name Now it’s all… Read more »
Paul, you may qualify for that poet job WP mentioned last week!
May qualify if his skin is the correct color
I’m working on that
Nothing like cutting edge prose to make a point
Ya gotta sign up to read the article by the Slum Times. Even for free I wouldn’t do that.
It’s not just gun violence, it’s everything violence – car jacking violence, mugging violence, home invasion violence (just had our first armed home invasion a few blocks from my house!).
Allowing low level criminals to roam free has been a complete disaster as they almost always go on to commit more crimes.