-- 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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99% involve POC. Nothing new, continue as usual.
Zero Arrests.
No surprise there. Once $0 bail kicks in the number of leads that is already minuscule, will dry up.
Sad … but you get what you vote for.
Or, in Chicago’s case, what other people voted for – 15% of eligible voters in Chicago was all Brandon needed – because you were one of the 65% who didn’t want to be bothered with participating.