-- 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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Cops are searching for them right now in Punta Gorda, Fl.
This kind of random violence is terrible for the ‘perception’ of crime. Heck, I can’t speed more than 5 mph over on any arterial street in my ‘hood without the woop woop sound of some siren tailing my rear bumper like melted provolone on a pastrami sammich. But a crew of hoodlums driving a stolen car, likely breaking dozens of traffic laws, driving around Vice City like it’s Grand Theft Auto, can mug 13 different times and not a single police officer was aware of them? This is completely insane if true.
The group was led by a very short black women who lept from a city SUV.