-- 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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Nice title to the story but you really need to read all the way to the end. Jones is probabIy not an innocent victim. “police said the person wounded in the June 24, 2022, shooting near Jones’ home was visiting Jones’ home. The email goes on to detail how an estimated seven gunshots were fired at Jones’ home during the June 27, 2022, shooting.”
So if they believe she is guilty of some actual crime, shouldn’t she be prosecuted for that?
(It would be interesting to know what the neighbors have to say about the situation.)
The ordinance must allow for a different level of proof, like the difference between civil and criminal trial.