-- 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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“ We haven’t defunded police, we have just redirected the money to alternative, more holistic and equitable ways of dealing with hardcore, violent criminals that have no qualms about hurting and killing innocent people. A reduction in the police force and limiting their powers to making them observers will have a positive effect upon the rich, diverse, crime ridden tapestry that is Chicago “ mayor Raggedy Unicorn explained.