-- 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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Why would anyone in their right mind risk their life by going into chicago? No place in that once great city is safe. There is nothing there that is worth the risk, not restaurants, shows, or shopping. The pack of feral beasts is just waiting to cut out the weakest and kill them. Stay home, be safe.
Is it true that in early July the Mayor ordered a change in policy to prohibit cops from pursuing bad guys either by foot or by vehicle? If that is true, the criminals know it and things are about to get a lot worse.
Lori is totally on the sides of the criminals not the victims.
Your right, that’s the Communist Way.