-- 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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Ms. Lightfoot has been in her office for nearly four years and NOW, when she’s up for re-election she finally sponsors something for victims.
Too little, too late, Ms. Mayor.
Chicago should focus more on reducing violent crime; then, it wouldn’t need to shell out as much of this money.
I have occasionally wondered about the livelihoods of South and West side funeral directors. On one hand there is a steady supply of non-natural death customers. Been at least 700 per year for decades. Lots of work and they have no problem getting it. On the other hand I’m not sure that gang bangers and their victims are a profit center. Seems like not paying for a service rendered or anything else forbthat matter is part and parcel of a gang bangers MO. Their victims or their families are not always people of means. I’ll bet the better class of… Read more »
They will figure out a way to profit from this. Get a small flesh wound from a gun and it’s a quick $1,000 bucks. Do that once a week and in a year you’ll have $52K. Maybe some pension pickup to boot.. Free healthcare at the local ER