-- 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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“In any organized society …” I think he hit on something.
Not allowing bands of teenagers to tear everything up and terrorize people minding their own business is racist.
Arrest the child then arrest the parent, start making examples of people and enforce the laws enough of the codling
“Hand us more things to do or we’ll gather where we are disruptive”
There are plenty of things to do. Work, sports, hobbies, clubs, theater, dance.
They just don’t seem to have an attraction to a certain mindset focused on social media and edgy entertainment.