-- 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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Under current federal oversight why would any officer do anything to place themselves into a position that would jeopardize your job, your pension, your family and your good name? The city wants the cops to take the chances and then scrutinize every detail in order to find the slightest misstep. No thanks.
Need to have a stop and frisk case before the Supreme Court again, to shred all the Democrat-fake-judge rulings that ignore the Terry precedent.