-- 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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Crime dropped, only 3 riders, 2 were robbed compared to previous stats when all 3 were robbed.
Many crimes are not reported as what is the purpose, nothing happens, and it turns out to be a big waste of time for the victim. The Chitty of Chicago is in the midst of a huge crime wave, and it is only getting worse. The honest people are fleeing to the suburbs or leaving the state in droves.