-- 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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Simple. Carry dummy wallet with $20, hand it over when mugged, stick your one credit card in zippered inner pocket of your jacket – get the right kind of jacket. Use old flip phone when moving around Chicago. Save the I-phone for weekends in Wisconsin, or Indiana, or Lake and DuPage Counties. You’ll save a lot of money, by the way; Dave Ramsey will love you. If your bank won’t guarantee repayment of looted monies from apps, then skip those apps. Chicago is no place to bank by phone. Thanks to Lightfoot, Preckwinkle, Foxx, and yes, BJ, for training us… Read more »
Maybe the TV show Survivor should be in Chicago. Drop off the contestants off in a bad neighborhood and run don’t walk. See how many get mugged-shot-robbed-beaten-stabbed or killed. If they make it to a suburb give them a pat on the back. One or more of the contestants can be Charles Bronson or Rambo or even Snake Plissken. Chicago would be safer in hours.
Good idea, but make sure there’s a wad of cash totaling at least $100 in the extra wallet, you want to make the thug happy by seeing a bunch of bills.
Reparations!