-- 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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Cops go rogue. Frequently too. Because they’re stressed out of their minds. They frequently tell each other not to let some ahole let them have a bad day. As an officer they can only deal with so many degenerates who hate them, treat them poorly, watch them abuse others, and so on, before they just snap and go rogue, and start beating perps, shooting their pets, and doing their job with no respect for anyone. It’s really too bad but every city deserves the police it gets.