-- 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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Run Javontavious run!!!
The new policy is called “smile and wave”. The victims can clean themselves up, if they are still alive. The cops go home at the end of their shift. No need to catch, prosecute, or judge.The criminals do it again the next day. Too many politicians love criminals.
The 1st and the 16th of the month are the only things the cops should be concerned about, payday. The department and the city don’t want cops to do anything apparently other than collect a check. This new edict is going to be beautiful.