-- 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 police in my community have been using the recent distrust between the public and peace officers as a a reason to have multiple squads respond to every incursion, and pack in the overtime. Almost all are officers now pull down 100K plus. An elderly person passed away in their home up the street from me. there were 6 squad cars there fro about 4 hours A volunteer citizen review board should go over hours each week and dispute many of the charges if appropriate. There is zero reason expensive police officers should be dispatched to what amounts to administrative… Read more »