-- 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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‘Arrest’ and ‘prosecution’ would impact too many violent black and brown men. It might ruin their futures. Instead, we should ruin the futures of their victims. Because nobody cares about the victims.
Climate mitigation is going to prevent the violence now? A free window air conditioner for every room?
Air conditioners and X-Box in every home.