-- Connecting the dots between our economy, government and business --
Ahead of Chicago’s brutal winter, the city has committed to “decompressing,” or moving out migrants from police stations into shelters and churches. Still, almost 600 migrants are sleeping outside or on the lobbies of precincts across the city, waiting for placement. And with migrants repeatedly returning to police stations, advocates are concerned about whether the care provided at shelters is adequate or enough.
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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This is going to end badly; I am afraid many will freeze to death (for real).
What the hell are the goofballs in City Hall doing with their time?