-- Connecting the dots between our economy, government and business --
Despite the drops in shootings and homicides, the number of robberies (11,051) and motor vehicle thefts (29,287) reported in 2023, both jumped significantly, with increases of 23% and 37%, respectively. The number of thefts, aggravated batteries and criminal sexual assaults also increased last year.
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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