-- 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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Keep terrorizing the citizens Lightweight. Lil Kim and Judge Tim are going to sink Chicago. No consequences at all for violent behavior.
Will Smith reacts to Chris Rock and assaults him, then shouts vulgarities from his seat. The epidemic of black-on-black crime and deaths in Chicago. Members of the black community mobilize and destroy in the name of ‘peaceful protest.’
Is this cultural?