-- 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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This Alder Clown Communist is a pathetic joke and a fraud
Like that will ever happen. Cops are too busy looking for Real Estate in Punta Gorda, Fl to bother with doing their jobs. They are only interested in a large pension and getting out of Dodge ASAP.
Exactly what is the motivation for Chicago cops to do any more than the minimum? To go above and beyond imperils their lives, livelihood, future, and possibly even their freedom.
The rules have changed since the more experienced officers were sworn in. Change the rules; change the outcome.
The worst is yet to come … the SAFE-T act.