-- 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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They don’t care about crime. They don’t share your values. The law is nothing more than a BIPOC get out of jail free card. They are perfectly OK with South African levels of BIPOC violence. You live in the world now, yt, and you better get used to it. The BIPOC community in Chicago has insane levels of violence, on par with the most violent places in the world. And they are OK with things getting even more violent. They want to relive the 70’s and 90’s without the law enforcement part. I know it sounds crazy, “Why would anyone… Read more »