-- 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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Wow. What an obvious statement “Chicago cops have been making fewer traffic stops, but more are ending in violence”. The traffic stops that are being made are the most egregious and criminal. The resulting in interactions with the most antisocial and criminal of society. When you eliminate minor traffic infractions – the bulk of previous traffic stops – police are left with the vermin of the city.
Such is the result of drilling it into some folks heads that they can do anything they want with no consequences.
Truth and Consequences was a TV Show in the 60s!