-- 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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Note to cops! Just stop the search warrant thing, Its not worth it. Cabrini Kim is not going to prosecute, the judges will release criminals back into the community, the sheriff doesnt want them in jail and the politicians don’t care. Get the message?
Politicians only care when it comes to their own protection. Any LEO that is assigned to protect any Illinois politician should refuse to do so, let the politicians live with no protection and fend for themselves like the rest of us.