-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
An article that gives voice to the Biden DOJ praising Chicago for how it’s spent lots of money on community agency violence prevention, without once being able to mention any particular success as regards preventing crime.
Because they can’t, because this stuff doesn’t work very well.
Dismisses Chicago’s worst-in-decades-n-getting-worse crime as as some sort of COVID blip.
The Sun Times let these officials and agencies off easy in its’ article.
Coming off two very violent weekends recently with 50 shot and more than 10 killed each weekend? The Biden DOJ is pushing out fake news again, just like Trump Russian collusion. Why pay any attention to the Chicago media? Mad Magazine was more informative back in the day.