-- 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
“Clueless Trump”. -Mayor Rahm
Rahmbot mischaracterizes….stop & frisk would be just 1 piece of the war on criminals, but the Democrats are too stupid to think of ANY of the others. Tougher sentencing, more jails, speedy trials, death penalty for murderers, how about life sentence for committing felony with a gun and death penalty for firing the gun ? That might make the criminals think a second ! There is nothing sensible proposed by Democrats, ever, to reduce crime.