-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Time better spent on the roadside picking up garbage.
“Staff uses room confinement to control us,” another said. I totally get it. These are feral children who are too unstable to even release back to their parents or guardians or back into society. But what else can you do with them? Putting them in solitary confinement likely makes them worse and even angrier but when they’re in gen pop they’re just causing fights, disturbances and trying to escape. We as a society have a lot of problems with our youth and quite frankly there is no good solution. Rehabilitative and restorative policies might work on 1 in 100 but… Read more »
Their parents – or lack thereof – broke them.