-- 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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Clearly what is needed is the elimination of Shotspotter, a massive decrease in police and adding more speed cameras, taxes and fees to support CTU.
The CTU conquered Chicago, the CTU is Chicago now. And the city’s main function now is to fund the CTU. In the late Roman Empire nearly all the taxes and resources being used to fund the legions, the empire existed to fund the army, not the other way around. The City exists to fund the CTU.