-- 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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Fake reforms. Giving people more time to pay the tickets isn’t reform.
Reform would be removing all the red light & speed cameras, getting rid of ridiculous street sweeping tickets, allow more street parking with less restrictions. That’s reform that would lead to less tickets and then you would have fewer people with thousands of dollars in tickets in the future.
That would be real reform.