-- 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
Hmm, 2 peacekeepers in Little Village were targeted……
“Targeted violence prevention is working in Chicago.” Then, why are there still such high levels of carjackings, muggings, murders, etc? If violence prevention is working, why are so many people still unwilling to visit or walk in the streets of Chicago?
With all the $millions$ allocated to anti-violence just 230 “intervention workers” out on street? (Or sitting at home unsupervised collecting a check?)—“Right now, there are approximately 230 front-line community violence intervention workers scattered across the city”