-- 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 down, what a joke. Mustn’t be looking for them. When you watch the news now, the “body counts” are reported.
Yes, because they are “down “. That happens when people no longer call the police and the useful SpotShotter is discontinued. At least we’ve gotten past the “ don’t truthfully tell the race of the perp even when it’s obvious from footage, eyewitnesses” stage of newscasting.