-- 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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Naperville is not the quaint town it used to be. Crime is up there. Joliet is laughable.
It’s so quaint they recently had an armed bank robbery in the last two weeks:
https://patch.com/illinois/naperville/armed-bank-robbery-under-investigation-naperville
Caught an armed car thief:
https://www.msn.com/en-us/news/crime/man-accused-of-stealing-car-while-illegally-armed-in-naperville-cops/ar-AA16L2jc
Had a shopper getting boosted by an armed robber while in a store:
https://patch.com/illinois/naperville/shopper-robbed-line-naperville-store-reward-offered
And they just recently caught a suspect in an armed robbery of two Portillo’s employees from last summer:
https://patch.com/illinois/naperville/man-accused-robbing-naperville-portillos-arrested-colorado
Of course, the City Council’s continued push for “Affordable” housing in the city could make things interesting.
And Joliet?!? Really?!? Who paid who off?
Joliet? Joliet? Really, Joliet?
I BELIEVE LOVE IS THE ANSWER, BUT YOU SHOULD OWN A GUN, JUST IN CASE.