-- 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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Chicago police stations are a joke. Regularly used as homeless shelters, warming and cooling sites. Zero security with the front and rear doors open 24hrs a day. Parking lots not secured and no type of protection for the front desk area. Go to a suburban PD and they are like Ft Knox. The city refuses to change the situation so expect this to start happening more.
If police are not even safe in their own stations what does that say about society?
“anti-police sentiment expressed by this particular offender.”
Anti-police sentiment is expressed by every Democrat