-- 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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Dems throw more money at something because Chicago kids can’t walk to school without the fear of being shot. Then once they get to school, they are academically tortured by CPS with a sub-par education. Not exactly investing in the future of these kids. Another option would be hiring more cops and throwing criminals in jail where they belong.
Gosh, I don’t remember any shootings at my Catholic school in the 60s but most kids knew their fathers back then.
Not necessary. Mayor Banjo says crime is down and he never lies