-- 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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So, the police are not allowed to chase fleeing criminals but they are allowed to apprehend teenagers who are out past curfew? Our city leaders are hopeless.
Well, at least the statistics for some parts of the city will look better…. You do understand that Lori, right? Moving the party elsewhere won’t change the behavior…
Lori and Brown have a new euphemism; large group gathering. Which sounds better than rioting mob! Lori will be putting her feet in her mouth all week!
Police are quitting every day. Who’s going to enforce this curfew? Maybe the “violence interrupters” can take on this task. Just be careful which underage kid you try to kick out of the park. He or she may pull a weapon and take your car.