-- 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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What’s that Mark Twain line, “Figures don’t lie, but liars do figure!” There is a lot of smoke and mirrors in what the Chicago Police Department management is saying. I pity the poor street cops and detectives that work for these political hacks.
Suddenly that person shot in the back 12 times is now considered a suicide. Don’t think so, well if you had a clue you wouldn’t doubt it.