-- 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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Why does the rest of Chicago have to pay for cameras, in a neighborhood of wealthy people, who chose to move to an area near the high crime West Side
Cameras have same effect as TSA screening at airports: lots of “show” but little meaningful impact on purported purpose of installation.
You forgot to mention increased costs of flying and longer travel times. All because some lib though it a good idea to import Muslims.