-- 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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Looks like I’m not the only one that leaves a car length of space in front of me in the event I need to maneuver away from danger.
The most fitting description of what is going on in Chicago is anarcho-tyranny, which sounds like a completely insane and stupid ‘high minded’ academic term, but regardless, it’s described as follows by the urban dictionary: Anarcho-tyranny is a concept, where the state is argued to be more interested in controlling citizens so that they do not oppose the managerial class (tyranny) rather than controlling real criminals (causing anarchy). Laws are argued to be enforced only selectively, depending on what is perceived to be beneficial for the ruling elite. Essentially, real crime is ignored but slights against the regime become actual… Read more »
Excellent summation. What’s next voting? That’s proven folly! I fear a new dark ages is our future.
And these two (Preckwinkle and Foxx) got elected again!
That may be largely a function of public union organization (not the police, of course), but how naive is everyone who voted for these two simply for their progressive policies?
What is it going to take to wake everyone up?
Crime is no longer a family business, correct it is now a political business especially in Illinois