-- 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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So we need police action now? Where have you been? Carjacking has been skyrocketing for years. Another example of failed leadership. Forget Divvy bikes, just take any car you want. Lil Kim says it’s all good.
Thanks to Chicago Democrat crime enablers
— cops can’t arrest juvenile carjackers
— cops can’t pursue any carjackers
That is a recipe for a failed city
It is difficult to ascribe Detroit’s demise to any one factor. But if compelled to do so, the most often mentioned recurring factor is crime It just destroys economic life. I wonder if Lightfoot, Preckwinkle, et. al in private moments recognize this. Maybe they do, but don’t care.
Maybe they do, but don’t care. They care but they only care to destroy. When you talk about economic life, their voters and core constituencies – the communities where voters give them 85%+ of the votes – they don’t in the economic life you speak of. Because the household and per capita incomes there are below poverty. These politicians understand they don’t have the power to redistribute wealth from the rich to the poor, but, they can destroy the wealth of those that are rich. The destruction is the point, always has been. The Bolsheviks destroyed the Romanov monarchy in… Read more »