-- 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
Well the City of Detroit no longer takes 1st prize because hardly anybody lives there anymore.
The numbers posted by the city are bulls..t. Not counting xway shootings and murders because that’s state police territory etc. The real numbers can be found at HEYJACKASS.COM
Very interesting. I wonder if the Tribune or LoL mayor Lori BS, could explain why deaths in self-defense are not included and when did that change happen in this data set. Also the state police data is not included, so when did that change in the data set?