-- 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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Maybe reopening in patient mental health facilities would help, but Dems don’t want to pay for it. They closed down these facilities and now the mentally ill are out on the streets.
The CARE program was started in 2021, so in 4 yrs they’ve “helped” a ONLY a 1,000 people? What does “helped” include? talking to call-ins? handing out literature at the homeless camps?, etc
Yes, they do the meaningless things you cited and call it making a difference. They also work 9-5, M-F and as a result, police are called out to intervene as we all know most trouble occurs at night and especially on weekends. Another example of a social services, taxpayer money black hole.