-- 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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I have been saying this for a long time, but it is unpopular to tell the truth.
The cops just are not doing their job!!!!
They pay is the same, not matter what.
Many times, they will not get out of their air-conditioned cars to prevent or stop crime.
As a city resident, I couldn’t agree more. Unless you live here you have no idea of how incompetence ALL CITY SERVICES are at astronomical $prices$!!! This story is sickening
Between murders, muggings, and looting, Michigan Avenue is toast