-- 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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So the raid that led to the naked lady scandal was, allegedly, based on information that was given by a drug dealer who was arrested in a vehicle owned by the new 1st Deputy Superintendent of the CPD which is the 2nd highest rank in the department. Her niece was driving with her boyfriend when they were stopped for a traffic violation. Small bags of heroin were seen being thrown out the window of the vehicle during the traffic stop. Nice company the new executive officer allowed to operate her personal auto. One of the first things said to the… Read more »