-- 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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Encryption of transmissions has not improved clearance of crime cases. I used to carry a pocket scanner as well as auto scanner to avoid trouble as I traveled around Woodlawn. The lack of first hand info was a factor for leaving IL.
The current radios used by CPD are bottom of the barrel junk. The scrambling features distort the radio transmissions and many times make whatever is being said totally garbled. As usual the city has wasted millions of dollars because the contracts go to the lowest bidder (who slips the fattest envelope under the table).