-- 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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Boy oh boy! I think it’s going to be a CF! Holiday weekend and it’s gonna get Hot!
In a surprising turn of events the city sees violent crime increase before 10 pm as juvenile delinquents commit their crimes early to avoid a curfew violation.
Now what? Cops going to chase kids around the block for curfew violations? Cops can’t chase! No pursuit policy? Lori theatre! It’s absolutely asinine! Can underage children participate in midnight basketball? I know! Let’s pass another empty ordinance/ law to show we’re action oriented politicians! Another load of BS.
“Alderpeople?”
Really? Lead off an article with that word and all credibility falls by the wayside.