-- 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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Police Commander Harris says it’s true, therefore it is no matter what the real numbers are. Forget about one community, Chicago is approaching 700 homicides for 2022 and soon will the 4th highest homicide rate in the last 12 yrs. The homicide and shooting numbers still reflect who is the problem. 78% black involved, 17.5% Hispanic involved, 4.5% ALL OTHER RACES COMBINED. Yep, its them White gun owners.
January 1st the criminal’s opportune territory opens to the whole state of Illinois,
no thanks to the Illinois legislators for enacting the Safe-T Act for the good of the criminal.