-- 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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“Last year, surveillance cameras captured a shooting on Lake Street at Kostner Avenue in West Garfield Park. The cameras mounted outside Gary Maus’ Paul Davis restoration business caught thieves hopping the fence, breaking into his trucks, and cutting catalytic converters.”
Cameras record crimes being committed but they don’t prevent the crimes from happening. And do they aid in the capture of the perpetrators, where’s the list of cases solved thanks to the surveillance cameras?