-- 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
2-3 million. That’s all?
Before passing judgment consider the tsunami of applications that were in response to the ‘mostly peaceful protests.’
I’m not privy to the numbers, but I believe they inundated the staff that normally were able to issue FOIDs and Concealed Carry permits in a timely manner.
This report fails to provide specific information and seems to be anti-law enforcement.
Sorry…
I’m not buying the *staffing issue* excuse…
The top administrators bear the responsibility for this…
Their dereliction of duty led to this malfeasance…