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.
Homicides are down in Detroit too! What’s never mentioned is that previous unchecked crime waves have driven the worker bee population away and what remains is a lack of easy rich targets.
From #4 to #27 in my lifetime. Yes Chicagoans it really can happen and if we don’t get someone cut from Rudy Guillani’s cloth we’ll soon join Detroit with about the 300 murders per year that our Chief of Police touts as his goal.