-- 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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I don’t recall ever seeing any threats to the mayor mentioned in the press. The police detail seems to mostly be for “time efficiency” for the mayor–clearing a path, driving fast and similar personal services. All are services which can be provided by lower paid and lower skilled persons. Free the Security 100!
He protects what is important. You are not important. You are a slave. So you get no protection. This should not be upsetting since you have no self-respect.
The cops protect the mayor but how does the mayor protect the cops?
By defunding them and imposing impossible restrictions on them that put everyone’s safety at risk. If not for the upgrade in pay and the cushyness of being part of his detail, I’d think some of these officers have Stockholm syndrome.