-- 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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Johnson is going to say whatever makes Johnson look good, regardless of what the facts are.
It’s really pretty foolish to expect the truth from Johnson about anything. And other crimes have increased in certain areas, something convieniently overlooked . Reclassification of crimes and whom qualifies as a juvenile does not a reduction in crime make.
Does that mean his “peacekeepers” will finally start doing their job ?