-- 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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“You won’t think this fight is no joke when you come to, and your nose is broke.” (Thanks, Deacon.)
“… the dew kisses the morning grass, and, class …” (Thanks, Cheech and Chong.)
These are excerpts from two of the greatest poems ever written.
straight old white guys need not apply
Tim and I went camping
Under a sky of blue
The girls were three
And we were two
So I bukt one
And Timbuktu
Shooting on the streets of the city
Make it look not so pretty
Walk the streets and take a chance
What you see you’ll crap your pants
Crooks run wild everywhere
Local Politicians really don’t care
Liberal idiots vote them in
They even reelected Lil Kim
City on the lake is now on the rocks
Homeless everywhere living in a box
The Magnificent Mile used to be fun
Go there now but carry a gun
A once great city is now almost dead
Stupid voters are out of their head.
Hows that?
Renaissance Man, you are.
Thank you!
A poet laureate is as necessary for Chicago as tits on a bull.