-- 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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“Currently, Chicago Police officers are permitted to cooperate with Immigration and Customs Enforcement if targeted individuals are: in the city’s controversial gang database; have pending felony prosecutions or prior felony convictions; or if they are the subject of an outstanding criminal warrant.” I just don’t ‘get’ how anyone can argue with a straight face against these carve-outs. I mean really, how can anyone really believe that virtue-signaling hate for Trump is more important than removing illegal immigrant gang-bangers, felons and those with criminal warrants? What is the argument for this? We hate Trump, and by extension, ICE, so we are… Read more »