-- 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
Roil? The Norm? I drive through a huge swath of Chicago daily (on the south side no less), and have yet to encounter crime. I have lived close to Chicago (and in it) for 30+ years. The last time I encountered crime was 32 years ago when I lived in Rogers Park and my front license plate was stolen. Is violent crime a problem? Yes. Are police needed? Yes. Is Johnson clueless about crime and what to do? Quadruple yes. But exaggeration doesn’t help solve it, just as downplaying doesn’t help solve it. I Both just help to score political… Read more »
The average of +400 murdered every year and tens of thousands of other crimes tell us otherwise.
They have to. They don’t have the P.P. boys defending them. Putzger and Pinhead the dynamic duds