-- 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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Why can’t this be accomplished at the mayors office?
Not that I have any sort of sympathy for sex offenders but the problem lands directly into the incompetence of the CPD leadership. That equity affirmative action thing does not work. Chiefs who never set foot on the street and got promoted because of skin tone or political connections is not a good thing. Most of the upper echelon is dumber that a box of rocks, my apologies to rocks.