-- 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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This isn’t crime – 100 muggings in prime neighborhoods over the court of a few weeks – this is just the perception of crime. Everything is just fine! Muggings are non-violent too, until the turn violent! Just hand over your belongings and hope you aren’t rapyed or shot!
Let the one out without any cash bail. This is what the kids learn to do in the CPS. Forgot to mention they learn drug dealing, carjacking, pimping and burglary. Not to be left out is identity theft and filing false income tax returns. The Chitty of Chicago is just that a Chitty place to be right now. Hope it will change one day, but who wants to wait to find out?