-- 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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This does not end well for the families who have to live in the Chitty.
Wonder why they are fleeing in the tens of thousands?
Il-Chicago politics always at or close too the bottom of every key measure. Why?
Chicago arrest rate of only 5%, and about half or so of all 911 calls are not answered? Why?
With huge property taxes, why does about 80% of property taxes go to public pensions, and not services?
So, the 5% arrest rate, then years to process in courts. Why?
Public unions displaying unparalleled power in Il-Chicago. Part of that is the crazy maga republicans (no viable alternative to opportunistic lefties), and a lot of it is just self-serving greed and lack of ethics and competency.
Speaking from a wealth of knowledge after dealing with the Cook County court system my humble opinion is that it is a failure, corrupt, and filled with political appointees as prosecutors and judges whose political affiliation is the only thing that counts and legal abilities are about the 4th item down the list of qualifications. A short story about a day in one of the Branch Courts which are located around the County. The court bailiff, as the day is about to begin, announces “Here ye, here ye, this Branch of the Circus Court of Cook County is now in… Read more »
Justice delayed is justice denied.