-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
The mayor will be touting the success of her crime fighting skills with her various appointments soon. Hundreds more will die this year anyway. Kim Foxx will brag about her dismal record, Downtown Dallas Brown will pin a couple more medals on his shirt and all will be good.
We had a snow storm in very early January with below average temperatures every day since. Of course there will be fewer shootings and murders because fewer people are going outside. I expect a warm early spring, with little rain, giving criminals great weather and maximum opportunity to catch up and exceed last year’s totals. Violent crime is on a trajectory to reach record high 1990’s levels, except nowadays, the northside’s stock of rich dumb yuppies is quadruple what is was 30 years ago. There’s never been a better time to go hunting and the criminals know this too. CWB… Read more »
On the flip side there are approx 2,690,000 in Chicago that have not YET been slain. Just trying to stay positive.
The Tribune lugging water for Lori! Crime is down!
Even though there are fewer targets as a result of the continued exodus from Illinois, I have complete confidence in the gangbanger’s ability to catch up and surpass last year’s murder total.
Darn it! We need more, c’mon ghettoites get into high gear.