-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Is there any correlation for the reduction in homicides and overall crime in Chicago because the southern border is closed? Possibly slowing the flow of illegal drugs into America/Chicago? No drugs, no gang turf wars?
Just asking!
Ouch.
Just this morning, had FOX Chicago news on, they seem to be the best bad solution for TV news. They had one of the news people interview Garien Gatewood from Chicago to talk about how crime is down in the City. The Fox news person actually suggested that the weather had something to do with it…good God. He said they were collaborating with communities and working with community leaders, faith leaders had some table top exercises to work through the solutions for the large gatherings of youth. No solutions. No plan to implement. No solution to address a snap curfew.… Read more »
Devil’s Advocate here suggesting that the Marchish weather did have an effect. Could you imagine what the numbers would’ve been had the long weekend been into the’90s temperaturewise? Also not buying the “Fox News is the best of the worst” after the way they harped on the fifth anniversary of oft- convicted felon George Floyd’s overdose for two days straight.
“Otherwise, how was the play, Mrs. Lincoln…???”