-- 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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Wilmette Talking To Winnetka typist Heather Cherone doesn’t seem to realize that these ‘plaintiffs’ sued the CPD for performing routine traffic stops, stopping Black motorists in Black neighborhoods and Hispanic motorists in Hispanic neighborhoods. Naturally, the American Criminal Liberties Union is involved on the side of crooks as always.
Kim Foxx has company in destroying the once-great City of Chicago.
Note to cops, don’t make traffic stops. These community activists want chaos, let it begin.