-- 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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A couple of questions: Don’t police radio in the plate number of the car being persued? Don’t they then find out the vehicle is stolen, was involved in commission of a crime or is being driven by a person with warrants? Aren’t more of the non- demonized now plying their various types of crime in the ‘ burbs? I don’t understand putting the onus of bad outcomes from chases upon police going after someone that has broken the law, sometimes violently. No running by criminals not wanting a return trip to jail= no chases.