-- 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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Hmmm – not everyone in the neighborhoods that is impacted by this out of control violence agrees. Maybe JB should ask families before dismissing the federal government’s help. Illinois Family Action article: Corey Brooks, senior pastor at New Beginnings Church of Chicago, founder and CEO of Project HOOD this morning. In response to Pritzker’s comments to the media, he said: Young black boys are shooting at a very high rate, killing one another. We have people downtown beating people up, robbing them. We have stores being broken into. This is not normal and we need to bring in the National Guard. …… Read more »
Pastor Corey Brooks was absolutely spot on this morning on the Dan Proft AM 560 show it was a very positive interview, pastor Brooks can see right through Pritzker and what he stands for, best of luck on his walk across the country.
Kim Foxx tried it your way, Arne.
Our experience with it proved that locking up the perps works better and faster.