-- 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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Another violence prevention waste of money. How many times has the prevent violence window been opened and cash thrown out of it with no results? Let’s do it again. Until the community of violence gets it act together nothing will change Sadly, it’s been going on for decades, never improving only getting worse. With the current Cook County states attorney pushing the restorative justice bs and not prosecuting violent criminals because of previous systemic racism claims violent crime is on the rise. 2021 is going to be spectacular in the sense of blood and guts.