-- 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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The Chicago Police have had their share problems and are working on them. But the current statements made by the politicians and celebrities who are looking for a sound byte suggest that there is “systemic racism” within Police Departments. The WSJ released an article yesterday that provided chapter and verse of the actual statistics. Their results state that this statement is simply and factually not true. Obama stated that he “calls on the police to create a new “normal” in which bigotry no longer infects our institutions and our hearts”. He needs to read this and look at… Read more »
Hopefully she does the intelligent thing and pull the police out of the black neighborhoods. However there is little chance of Queenie ever doing something intelligent.
Mayor Lightfoot lost control of the City of Chicago during the Saturday May 30 and Sunday May 31, 2020 riots.
The first step Mayor is to properly identify what occurred.
Say the word.
R-I-O-T.
Two riots, back to back, occurred under my watch.