-- 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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Playa dismisses SpotShotter as a walkie talkie on a stick. Playa seemingly ignores the instances where police were alerted to a shooting long before a photo call was made. Playa feels the program is racist as well and perhaps doesn’t have the funds necessary for it after lavishing money upon the new arrivals. That the city he ( in theory ) runs is billions of dollars in the red is no secret.
Please Mayor Johnson, cancel shot spotter, even though you kept it in place for the DNC. The people that elected you will love you and I am sure it will have no effect on your crime clearance rate. Your constituents deserve, in spades, every last benefit of your vast decision making ability. Your neighboring states thank you.