-- 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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Random is preparing to blame Herself for everything and he won’t be far off the mark
Brandon Johnson will most certainly rule with an iron fist, pushing his progressive policies on unwelcoming residents. That’s the progressive way.
A good start would be keeping police resources in the neighborhoods they are assigned to instead of diverting cops from the nicer, calmer, well kept, real estate taxpaying areas to the ghetto where the same problems have existed for decades. A million cops in some of those neighborhoods wouldn’t make a difference. Equal services is a day dream.