-- 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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Lori’s method to defund the police and give back to the community; The Ton Ton Macoute! Directed and funded by Lori. A paramilitary arm of the mayors office to drive the Caucasian tax base out! Like Jackson Mississippi, the capital of the state no longer has potable water, no water! It’s being blamed on Systemic Racism!
Give $100K to an alderman and the money will go directly into their front pocket.
Hmm, I thought my taxes were supposed to pay for the regular police. Where does this private security get their money from?
If one expands on this topic you’ll come to the conclusion the Chicago is devolving into a 3rd world country where the local warlord has his own private army and their really isn’t a police force that any Witepoints reader would recognize. Think Afganistan, Lebanon and even parts of Mexico.