-- 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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keep sending them home Lori! You lose
Back the blue!
Gulf Shores, Alabama will gladly take the brave CPD officers being stripped of their livelihood
My guns will be coming out of the safes this weekend, for sure. My little town’s police department isn’t equipped to handle roving mobs of looters and criminals making their way outbound from Chicago. An armed robbery investigation takes half the force. Three armed robberies in an hour and law and order will collapse, leaving every resident to fend for themselves, as officers run from call to call.
So Lightfoot found herself another patsy. Let’s see how many CPD officers are sent home for “non-compliance” to a legally unenforceable vax mandate before Chicago erupts and explodes with more crime enabled by said Lightfoot, with much assistance from Foxx, Preckwinkle, Evans, et al.
Not to mention 70 degree temps…
And … stripped of Police powers. What a “witches brew!” None of this ends well.