-- 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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This is a money grab.
“Ald. Derrick Curtis said. “People know there’s not real enforcement that will cost them money.” – Ha! Lack of city and county enforcement of many laws has led to rampant crime. He cites deaths from crashes but the city had far more murders and violent crime. If Foxx and Tim Evans can’t bother to do their jobs why do we need to slow down?
No one stops for stop signs? Not where I live. Everyone stops for stop signs where I live. Imagine living in a community where nearly every resident is an uninsured dirtbag recklessly drives a jalopy, disregarding every traffic law, causing accidents right and left. People wonder why insurance rates are going up.
I want to move where you are……….
Lucky you. Unfortunately in my area “ roll, honk and go “ is becoming the more frequent protocol at stop signs. Just like in the old country.