-- 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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What a complete $**tshow: the community, the prosecutor and the journalists reporting too. Certain communities are like dysfunctional 7th century tribes or clans shooting, maiming and killing each other, for seemingly, lack of anything else better to do. The prosecutors office is no better. The prosecutor threatened the star witness into testifying against a “family friend”. What does that even mean? Is the shooter her baby daddy or the baby daddy of someone in her family? In my family, and probably most families, (outside of the mother/child relationship) most people would turn in their degenerate extended relatives in a heartbeat… Read more »