-- 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’s the point? If there’s no arrest, no posting of bail, and no prosecution of lawbreakers, what are we doing? Why does someone have to be murdered before anyone even looks at the problem? For the victims, the result is final. For the criminals, it’s just an inconvenience. It’s like the prison is being run by the inmates, but the likelihood of being detained is low and going to prison is unlikely.
This IS the point, Lawrence. It’s difficult to accept and understand, but this is the point. You don’t think like these Chicagoans, or have the same thought patterns, so it’s completely foreign to you. But they want to legalize and continue living the lawless lifestyle they currently engage in, and they’ve voted for politicians who let them.