-- 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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Only thing accomplished was Brown got a quick vacation and “look-see” in DC, courtesy of Chicago taxpayers. Com’on man!
Wow! Special shoulder patches too. A platoon of house mice from HQ. let’s get’m. These are people who run to their cars in fear to the HQ parking lot. Better kit them in Massachusetts State Police uniforms, they look like Uboat commanders.
Platoons that can’t chase criminals on foot or by vehicle, can’t use unjustified legal force, can’t use tasers, and lose qualified immunity if they injure someone in the course of an arrest.
These cops are sitting ducks.