-- 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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And neither guy arrested is from Chicago. How do 18 year-old teens afford souped-up Dodge Chargers?
5 finger discounts is my best guess.
Read the article again. The Charger driver’s town is not mentioned, and he was not arrested. Why??
Two arrests out of 50-100 cars is weak sauce!
Easy, they are educated in the CPS and everyone gets a great education (sell drugs, prostitution, robbery), everything they need to succeed in Chicago.