-- 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’m retired police. I’ve seen it done many times. It’s normally weak chiefs who want to retain their title responding to directives from politicians. As the article states, there are a myriad of methods of re-classifying crime, let alone not claiming crimes committed in your jurisdiction that are investigated by another agency (i.e. ISP). A double digit drop in ANY crime category is phenomenal!
It’s so large a drop that it would take significant evidence of fraudulent reporting to account for the drop. Where is the evidence?
I read cwbchicago.com every day. The stats are altered. And the Trib and times don’t report it because they don’t want to piss off the 5th floor
What is the evidence it was altered? All I have seen so far is accusations.
Read cwbchicago.com and heyjackass.( it’s a website) then compare those stories to what’s reported . I also have 2 cops in the family. They know