-- 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 am ambivalent to the race of the applicants, but imminently concerned with their performance… If the PTB watered down the exam to create a better rainbow, we are even further screwed. But, if the rigor is the same, all are welcome.
The future of CPD is bleak. 30% females, most cannot perform like males, mostly black and Hispanic with reduced background disqualifications is going to be interesting.
Hispanics aka white adjacents – join the force to oppress blacks. Defund the police!