-- 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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Here in Greenville and the rest of upstate SC there are dozens of gun shops and almost no murders, Chicago and Crook County have a black (and brown) violence problem, not a gun violence problem. Simple Simon even proposed restricting gun rights in specific urban areas. Only supernatural spiritual revival can save the city and not man made laws. Did the massive
Gun Control Act of 1968 change anything? I had enough of the corruption as well as the immorality of Chicago and left in 2021.
Keep up the good work, Raoul! All those guns being deceptively marketed to gangbangers on the south side. Every time I’m in the city, every where I see billboards for glocks, sigs, remingtons, springfields. There are more gun shops and manufacturers in Englewood than liquor stores and homeless shelters.