-- Connecting the dots between our economy, government and business --
Ald. Byron Sigcho-Lopez said he was told the 12th District police station had nearly 100 people staying inside and officers had to turn away people because there was no more room. Within an hour, neighbors drove up and filled their cars with migrants and their personal items, taking them to an empty building in the area that a local anti violence group has been using.
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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