-- 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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Well that agency really must not have a lot to do so why di they need more cash? 2021 there have been total of 15 police involved shootings with 9 wounded and 5 killed. Almost 3600 shootings so far this year and the cops are involved in 15, wow, let’s send a few more million their way. On the other hand 12 cops shot this year with 1 dead. Those blood thirsty cops, shame on them.
I’m stunned! Oh! The police are the problem! COPA must be better than a DOWM gig, good pay, no work. Known do nothings normally don’t get much of the pie. Isn’t Lori a COPA alumnus? She took their entire budget and had her home remodeled.