-- 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 POC crowd don’t want the police in their neighborhood then when crime spirals out of control they want cops but then resent the fact that there are too many cops so they complain and demand fewer cops and then things to back to the spiral thing and……the circle jerk continues.
Wrong, it is going to get much worse. The streets are full of criminals and government is full of criminals. Cops only fill out paperwork and that is if the even show up to a call. Illinois is broken and broke (not the change of a Nickel).