-- 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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The temps in Jan, Feb and March were below average and rainy and snowy, so fewer people were outside.
Great news … except for the people who died this year and the families and friends left behind.
Don’t worry, those low numbers are just the warm up for chicago’s finest citizen’s Summer Shooting Spreepalooza. The warmer it gets, the closer the numbers will get to last year’s recent record. There are a number of contestants really trying hard to win the Most Murder Victims While On No Bail award. They know that to win they need those large house parties, where they don’t even need to aim, to be successful
Last year the citizens had a 37% chance of being shot or killed. This year its 35%. (For those more challenged readers this is sarcasm)