-- 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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Did he mention anything about the 10 killed and 28 shot around the city during the DNC considering many of the police were downtown and the rest of the city was up for grabs.?
Is there any info on how many carjackings/beatings/robberies/etc during the DNC.
The fact that the members of the media outnumbered the protesters and the sheer volume of police on hand insured a “ mostly peaceful “ DNC, except for those killed and wounded during it. Snelling might want to keep a little in the tank pending the outcome of the election in November, however.