-- 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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What ever happened to the 3 strikes law? This guy is a one man quality of life degrader.
OK, this is like examples of “end times lawlessness.” Can’t even expect your mail to be delivered. Postal workers should not have to put up with this. How is society supposed to function? They not only steal your money but your identity. Earlier this year a garbage collector defended himself against two armed robbers. Just going about his work early in the morning and he has to protect himself against thugs with guns outside an elementary school. Garbage truck driver was a concealed carry license holder. My dad was a mail carrier before he became a garbage truck driver. I… Read more »
Criminal activities are what is taught in the CPS now. Expect this kind of stuff for a few generations. No jobs + no job skills = criminal activities on the rise. More people leaving the Chicago & the state because it is not safe = higher and higher taxes for those that stay.