-- 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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80% are single parent homes? And somehow this is my fault?
I don’t know that it’s your fault, tho it might have something to do with the large number of victimless drug crimes that folks get imprisoned for, or the related problems BGA reports at https://www.bettergov.org/news/the-costly-toll-of-dead-end-drug-arrests/. And you might want to look into what Pastor Corey Brooks is trying to do, or how he was treated by Pat Quinn after he endorsed Bruce in 2014.