-- 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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Come on, man! This is just the perception of crime. Nine muggings in an hour happened frequently in the 70’s and 90’s! Things are no worse today than it was back then, right?
The cops only make out reports, never look for the criminals.
The Chitty is in a freefall, criminals run the streets now.
Luxury homes in Punta Gorda, Fl. are the only things they look for.