-- 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 saw some guys doing at least 80mph in the buss lane at Chicago / Ashland a few weeks ago. Not a cop in sight. Even if there was, I don’t think they’re authorized to go after them. What a joke.
Robberies, car jackings, shootings and murders every day
so let’s go chase parking violations, Brilliant!
I’m all for it as part of a broken windows theory. I’m sure the bad neighborhoods with lots of antisocial behavior the rules are broken all the time.
Another Crooked Corrupt Predatory Regressive, Revenue Robbery Ripoff Ticketing Racket — This Time With Cameras To Issue Downtown Parking Tickets