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.
De facto reparations. Move along everyone.
Bandits stealing cargo in transit- another symptom of descent into third-world status.
Spot on PP. When Old Joe was working shipments to and from Mexico often never arrived.
Our phrase was “Lost in Transit.” I’ve heard of gangs south of the border stealing shipments of perfectly good parts and taking them to the scrap yards down there.