-- 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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Twerking for Peace!
Again with the “peacekeepers.” We’ve created a new level of law enforcement that doesn’t answer to anyone and has zero accountability. Dozens of badge-less Deputy Fife’s running around the city, making cash on the side to break up fights like Michael Jackson in the “Beat It” music video. How much does Chicago currently spend on job training and violence prevention programs? Aren’t there already dozens of programs that address this very concern? Why do we need to take money from one dept’s budget to fund this? “The money would be used to fund peacekeepers who are on social media able… Read more »