-- 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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Not surprising. Why would anyone want to be a Police Officer in this current political environment? There is no support and an officer will get hung out to dry if some committee thinks they did something they didn’t like. Nope, society is getting what it voted for with Obama and Biden. Police parked under a tree till they get a call, write the report and back to the tree. No proactive Policing at all…why? They will just get into trouble – even if they do it correctly.