-- 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
Talk to a CPD beat cop and they will tell you 50% (at least) of the calls to 911 are non-emergencies. Numerous times they are sent to a “domestic disturbance” only to find that it’s a mother trying to get her 6-year old kid to brush his teeth before bedtime. 911 is a tool that too many citizens abuse. I don’t know if CPD keeps data on numbers that frequetly call 911 for non-emergencies and pushes them into lower priority. but I wouldn’t blame them if they did.
The money saved from lower police employees can now be spent on hiring hundreds of mental health professionals to respond to domestic disturbances, nut jobs, and the my baby be not taken his medications calls. Dollar saved, dollars spent, it’s the city’s way of doing business