-- 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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I have long expected Bernard Goetz policing of the CTA to make it usable and safer. I lived in NYC in the early 1980’s and Chicago is on it’s way to resembling that hellhole. In the absence of police and a justice system then the citizenry are forced to exercise their 2nd Amendment rights. Until policing and justice reappear then every dead criminal is a betterment of society. Period.
And the State of IL just passed a law making all those guns you bought to defend yourself illegal.
I see comments about cops doing nothing, why should they because the politicians don’t care and pro active law enforcement will only get a cop fired or charged with a crime.
Those comments are from the same neanderthal. Most normal/healthy minded individuals don’t blame police officers.
PPF does not think if you get paid to do a job, that you should do the job. In the private sector you work and get results or you get fired.
They are doing their job according to their leaders. If you have a problem with that then elect a different mayor who will task leaders with different marching orders. PT thinks he doesn’t have to pay for services. He is wrong.
Wow PPF. Something else that we agree on. There IS hope for the Republic.
Now you just need to agree that stealing is wrong and your bills must be paid.