-- 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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Dead, along with his idea.
I’m so tired of the assumption that jobs and economic development is some panacea to stop crime. “Oh if they just had jobs they would stop committing crime” as some 4HL 9-5 gubmint job is going rid the community of single motherhood, drill rap music, generations of embedded gangs, the choice to become poorly educated by treating schools like daycares, and the rest of the really, rejection, of mainstream society as ‘white supremacy’. These problems go far beyond just putting some money into the community. The brown community has similar education levels, similar income levels, and only sightly less single… Read more »
Like Hitmen for Hire?
I can’t wait to read all about it in his autobiography, “I’m Rich and Stupid!”.
You bring up an important point. Writing some book or memoir is standard operating practice for presidential wannabes. I would think we’d see JB’s soon.
JB’s auto – How my Family Ran Me Off and I Landed in Dem Politics
Well DJ, a similar tale played out in Detroit. The Ford Family was scared to death if William Clay Ford ever controlled Ford Motor Company they’d all have to get real jobs. So they put him in charge of the Detroit Lions.