-- 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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I know of a few businesses that have been robbed recently. The cost of replacing windows and fixing up the place is less than the cost of dealing with the cops and increased insurance premiums.
Those thick plate glass windows cost multiple thousands to replace. Property Insurance companies won’t suffer these losses too long before non-renewing many policies. Urban property values are already falling, producers are leaving. Spongers and Freeloaders are in ascendancy; Nail salons, hub cap shops and store front churches to follow. Cook County is doomed.
I suspect that Eileen Burke O’Neil’s push to detain those arrested with weapons has something to do with it.
You can get statistics to say anything you want.
HEYJACKASS.COM for real information about violent crime in Chicago.
CWBCHICAGO.COM for real information about crime in Chicago
I trust any figures coming out of Chicago with a big grain of salt. With delayed response times and sometimes no response how do you know what the actual crime rate is? Also how many crimes get downgraded so they don’t count in the stats? Like a burglary getting reduced to a trespassing charge?
But has it really? Are we to believe that from this administration that constantly downplays crime and changes the classification of felonies to misdemeanors? That got rid of an effective crime fighting tool ( SpotShotter ) and the Gang Database? That won’t even impose a curfew on wilding youths? Crime has shifted and eased marginally, but there are still more murders than any other city in the nation and plenty of other crimes as well.
Crime too high? Change the definition and metrics. Test scores too low? Change the definition and metrics. It’s how they operate.
This is precisely what is happening!