-- 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
Look at what most Tac teams have been doing all summer – mostly deployed to fests and events outside of their own districts of assignment, leaving the neighborhoods to fend for themselves. FOIA the CPD commitment to Lollapalooza and see the man hours dedicated to chasing fence hoppers. A festival that makes as much money as they do should be able to foot the bill for more security so the neighborhoods aren’t left to defend themselves.
If the deployments did match up, then there would be accusations of profiling.
In my life experience I tend to put it in the “Nothing Good Happens after Midnight” category. Gang bangers could extend their life expectancy by hitting the sack by 11 pm on Saturday nights.
There Lori, I fixed for you at no cost for a connected study.
There’s a term for this process that I once read about on 2nd City Cop.
It is colloquially called the “Self Cleaning Oven!”
These neighborhoods burned themselves down in May of 2020 demanding the defunding of the police. And they got what they wanted. Good and hard.
Doesn’t matter how many cops are out there as Kim Foxx will not prosecute criminals who fit a certain demographic