-- 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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Trump should just let these cities sink or swim on their own. If the residents don’t want to elect officials who will enforce the law, jail lawbreakers, and not excuse offenders for political reasons, they should suffer the consequences or leave.
Tough talk. But I bet there is a lot of shaking in their boots down there
Yeah, we don’t need real policing in CHI. Crime is down except for the mass shootings Sunday morning and yesterday, and the fact that CHI still leads the nation in murders by far for about +/- 20 years now.