-- 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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Why should they? It has gotten so poor that many people do not bother to report crime. Just a huge waste of time, nothing ever happens, so why bother?
This is the two Chicagos the progressives complain about. Your elected officials, and very likely, many of their voters, feel that crime spreading into low crime neighborhoods, and the lack of police response, is a ‘comeuppance’, defined as punishment or retribution that one deserves; one’s just desserts, for the limousine liberals because the black and brown communities have been dealing with this for years. Now it’s the north side’s turn. I’m not preaching radical theories here, or making stuff up, or accusing them of ill intent. They’ve made themselves clear how they feel. It comes directly from the top, starting… Read more »