-- 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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HEYJACKASS.COM has the real numbers. As of today 3927 shot and 718 homicides. The city fudges the numbers. Shootings and homicides on the expressways dont count according to the city because they are under the jurisdiction of the Illinois State Police.
Bad numbers receive a quick haircut, good numbers receive a parade and band. They also keep the fatalities down by resurrecting them for all elections. Can cast votes be cross checked against death certificates? That could raise a few eyebrows!
Clearly we need to implement target practice to improve the efficacy of these shooters. Toni and Beetlejuice will designate some Covid money to get the much needed programs in place, with an assist from Lil Kim.