-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Alternate title: what is driving falling crime-reporting rates in Chicago?
It’s obvious. Mayor Johnson has solved the problem with his genius. If you don’t respond to 50% of the 911 calls, crime goes down. No 911 calls answered, no crime. It’s called Chicago math.
Downgrading charges and not arresting criminals in the first place. Big reasons crime rates dropping. Had a grandmother testify before Congress that her grandson was shot 7 times by his assailant and only charged with manslaughter, not 1st degree murder.
Vallas might want to consider that the cancerous crime culture has spread to the suburbs. With a lot of help from Section Eight housing and guilty white libs that decided their cities weren’t diverse enough, the crime rate courtesy of people they “ weren’t from around here “ has risen.
How about people do not bothering calling the police because they do not show up for hours and then only about 1/2 of the time. Many times, no police ever show up for the call.