-- Connecting the dots between our economy, government and business --
At one point, a fan pours a large circle of gasoline in the middle of the intersection. Spectators hurry to get inside the ring of fuel, and one of them lights it on fire. Drivers begin spinning circles around the crowd, which is surrounded by flames.
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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A heavily armored vehicle outfitted with a powerful water cannon parked for all to see would be something to consider. Put out the fire and knock the participants down in one fell swoop. I’ll bet it won’t have to be done more than a couple of times.