-- 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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The alderman isn’t convinced that throwing money at the police will help. He prefers that they throw the money at him. It won’t solve the problem, but he’ll feel better about it.
The avowed socialist alderperson suggesting law enforcement isn’t the solution to increased crime must be on the payroll of the gangs. There’s no other explanation for her stupidity. She suggested that the Department of Buildings get involved to help reduce crime rather than law enforcement. She must on the take from the criminals, like the cartels pay off every corrupt politician in Mexico, to let crime flourish in her own neighborhood. She’s saying she doesn’t want the police in the neighborhood because they are not the solution to crime. If I were the feds, I’d be very suspicious of this… Read more »
“In Chicago and across the country, there is a growing movement to reallocate funding away from police to social service programs and other government agencies in the wake of police violence against Black people…”
LOL… *who* bears the brunt of the vast majority of these crimes…!!!???
Yeah, next time you have some random thug pull a gun on you, a social worker or “violence interrupter” is just the person to call…
<shaking head>