-- 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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Government make work programs for teens wouldn’t be needed if government quit chasing business out of the cities. Government make work programs for teens wouldn’t be needed if government quit importing uneducated illiterate to do the jobs teens used to do. Government needs to hold parents responsible for the actions of their minor children and enforce curfews. Having to get you child out of custody in the middle of the night is a strong motivator to ensure your child is home. And maybe parks and beaches should close at sunset and parking lots all be gated and locked as the… Read more »