-- 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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Two 2 year Olds shot in their own homes by improperly stored guns. You just can’t help some folks.
Wait till next weekend, same thing will happen. Families will flee leaving the gangs and poor immigrants to live in the Chitty. Best of luck collecting tax revenue from them. Crime is only going to get worse; the criminals know that there is almost zero law enforcement now.
“Poverty didn’t go away over the weekend. Like we understand that when communities have been disinvested in and traumatized, that you are seeing the manifestation of that trauma,” Mayor Johnson said.” These ‘communities’ have disinvested in themselves, with lots of guvmn’t tax dollars and help. They’ve disinvested in stable families, educated (as contrasted with ‘schooled’) children, any kind of sense of individual responsibility for their often self-inflicted challenges. Johnson and his crowd are looking for a pass – crime just won’t get better until people with jobs and homes and children who can read and write are taxed enough to… Read more »