-- 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
Yes let’s promote more politically connected individuals to leadership positions in the CPD. It’s working so well right now with a bunch of incompetent bafoons running the show. The problem was started via political promotions, exsaberated by political promotions and we need more, right now. How about a test written, checked and administered by an outside agency and then promote based on rank order. That will never happen. Do Wirepoint readers know that on police promotional exams, test takers CAN’T put their name or any identifying mark on their exam paper? You submit the test with your name and employee… Read more »
White people need not apply in Chicago. Brown and Eric carter are totally incompetent.