-- 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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Yes, being raided is a traumatic event. And they should be compensated for it. But my goodness, she’s dramatizing her trauma like she’s been coached by a personal injury attorney or something. It was a bad raid, you get over it, no one was hurt, you take your $$$ and move on. The real trauma in the neighborhood are the hundreds of people shot every month, who need rehab, and tens of thousands in medical bills, and lost wages, and fear of being shot again. right now there are probably a dozen people detained in Cook County jail being pressured… Read more »
Lori shouldn’t resign.
Look at her accomplishments for Chicago 2020:
4168 shot a 34% increase over 2019
790 homicides a 35% increase over 2019
158 mass shootings a 38% increase over 2019
1157 carjackings a 48% increase over 2019
Businesses leaving, conventions leaving, people leaving, taxes increasing.
The Lying Murder Mayor couldn’t run Stickney and it’s 6600 people.