-- 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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Arrest these juvenile delinquents and make the parents come get them. Maybe if the parents are inconvenienced, the parents might keep track of what their kids are doing.
And mayor Panic Attacks ( he started to tear up and crack as his latest round of buffoonery was being called out at a press conference ) will summarily dismiss a curfew again. The underserved, demonized youth making poor decisions resulting in teen gatherings having no opportunities to do so in their marginalized communities deserve to gather until all hours disrupting society.