-- 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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Isn’t Illinois and local municipalities taxation methods a legalized form of shoplifting? After all they have the right to put their hands in our pockets via property and other tax’s and redistribute that to others. This is a form of a warped Robin Hood mentality. Take from everyone and give to a select few have political clout are unionized and organized which taxpayers are not.
This used to be a civilized country. Not anymore. I’m quite certain that eventually the solution to all this will be coalescing of people into different political geographies, such that the privilege of living in a highly civilized place will be to behave as a civilized person. Anyone who can’t or won’t do this will not be incarcerated (which is foolish and expensive, punishing the civilized twice by first being victimized and second by having to pay for the upkeep of the clown who did it), they’ll be evicted. OUT. Of. The. Polity. If their family objects, they go, too.… Read more »
Would you prosecute a hungry man for stealing a loaf of bread? What if that man needed a pair of shoes or beauty supplies; and what if that needy man needed 30 pairs of DSW shoes to sell on the streets to feed his family, would you prosecute him for that too?
We can’t have nice things anymore, because we’ve grown the population of parasites to a burden no longer manageable.
Eventually all retailers will buzz-in/buzz-out or use other means of insuring none of us can touch the merchandise. This is the effect of enabling dysfunction (by REWARDING it.) Sooner or later, someone’s going to notice. As things stand, public services (like crime suppression) are falling apart, leaving Joe Citizen to see to crime prevention directly. I don’t think anyone’s going to be all that happy with the result.