-- 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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JB, Brandon, and Preckwinkle wouldn’t don’t want to be exposed for hiding crime and then doing nothing to stop it
They enable it. Crime keeps the courts busy, lawyers busy and social service workers, violence interruptors, etc. busy. All are fed by the cash cow known as the taxpayer because the majority of defendants( in Cook and surrounding counties, anyway ) have public defenders, etc. Doing away with crime and locking up criminals would be a financial disaster for certain segments of the state of IL. Ditto the welfare system.