-- 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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We need a barge prison out in the middle of the lake populated with carjacking imates.
How many more hundreds of times will the mayor and the police announce a “crackdown” on crime? And then go back to doing nothing.
Ooh, a crackdown on car thefts! Does that mean I can now travel to and from Chicago because it’s safe to do so? I didn’t think so.
Hey there Poor Taxpayer. They do nothing so they don’t have any adverse reactions from the civil rights crowd which may cause them to lose the job. All working towards that nice retirement in Punta Gorda, Fl. You just picked the wrong career path. Gotta go, boat is warmed up, time to hit the bay and catch dinner. Oh, I forgot, the check was in the mail!
Novel Idea, cops doing the job they were hired for. Nothing but talk, they will only make out reports if even that. Car Jacking and crime is rising as fast as cops pay and pensions.