-- 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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Enterprising Hoodrats have continually expanded their territory by moving from Chicago to the “safer” smaller town public housing. The gangs reach and subsequent crime expanded and was subsidized by govt handouts. I saw this happening in Peoria, Bloomington and Champaign first hand. Terrible policies with little thought by the politicians to the long term consequences.
Rockford violent crime problem is caused by the same ethnic group that is causing the violent crime problem in Chicago. The usual local news stories start off with certain ethnicities involved in murders, shootings drugs and gangs. The usual suspects causing the usual problems.