-- 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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Pension of, wait for it, $140,000.00 a year after retiring from CPD and now going to be the superintendent of the CPD at, I’m guessing, $180,000. There was no one currently on the PD who is qualified for the position apparently so let’s gift a retired guy with a new job and lots of cash. Johnson hasn’t stepped in the front door and is already rewarding his cronies.
Wish Wirepoints was able to access Second City Cop archives for Fred Waller-related archives. Don’t recall what SCC felt about his prior years of leadership.
I heard he rose through ranks rapidly. Which mean those were merit(less) promotions. His leadership qualifications are only his skin color.
Merit, merit, merit which makes him very qualified
Man I miss that website:(
You, me and a whole bunch more. True News USA was also a fun read but it was deemed rayycissts by the internet lords because it told the truth