-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
I think this editorial misses the elephant in the room: the fact that officers are now seen in many minority neighborhoods as an enemy in a war, rather than as human beings. The dehumanizing of officers is what has changed, not the violence. Suicide is up, and I’m surprised more don’t see that this is probably a driving component, not the violence itself, as that has remained somewhat constant. Would you want to live and work in conditions where people video you constantly and then throw things at you while spewing hatred? This is what is happening on a daily… Read more »
The overtime too makes for long hours in stressful situations at odd hours of the day. Lots of time away from the family. and the politics of big city police departments are notorious.
My wife knew Paul and she worked with his wife in Cicero school district, sad nobody saw it coming.