-- 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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Great news geniuses. Pinhead solved the problem. Now he can continue to defund the police. Do any of you want to look into how many 911 calls are actually answered or how an action is classified when a dead body is found? Could it be that the body found with 20 bullet holes is a suicide? The body found in an alley is a car accident. Idiots.
Chicago could do better. Switzerland has more than 3 times the population of Chicago, but the entire country averages less than 50 murders a year. And the Swiss population is much more heavily armed, perhaps that has something to do with it. Don’t mess with the Swiss? A better comparison might be Toronto, it has about the same population as Chicago, but less than 100 murders per year.
Bahahahah! seriously?
At the end of the day 390 people still died. I’m sure that the “trend” is of little consolation to the families of the 390. Boasting of the decline is unacceptable.
I’m always amazed by the “but it’s down” crowd. How about zero murders as the benchmark?
I’m betting people being wounded has gone up !! What are the costs to hospitals and rehab centers for ALL THOSE VICTIMS??
Are you saying their aim is getting worse?