-- 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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I would wish that the reporter provided the other 50% of the incident data. What was the distribution of race for the perpetrators of the crimes against black women?
Amen! And you know the answer. Why not an article entitled Chicago aldermen discuss disproportionate violence by black men.
The reasons for this problem are varied but the solutions do not include defunding and neutering the police, removing shotspotter, refusing to prosecute and jail criminals.