-- 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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Crook to the bone.
More proof that Latino and black state / city government office holders can be just as corrupt as their white counterparts. True equity. What was it that the one black female government worker said when caught with her hand in the till? “ It’s our turn now!”.
Corruption is an equal opportunity crime. Some commenters here try to say that black run cities are run worse than white run cities, and that’s a slanderous falsehood. Exhibits A-Z as proof that is not true are every other Democrat city run by white people. Minneapolis is my favorite example, a mostly white run city, now with it’s highest murder rate, declining population, a police force half the size…..Or Seattle, a homeless and drug-infested dystopian slum….the list goes on and on…
Point taken. I guess Portland would be another example as well. However, the rally cry in many of these cities is ( surreptitiously) kick whitey out and the corruption will end. I’ve yet to see that happen.