-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
THIS GUY IS AS QUALIFIED FOR HIS JOB AS MY CAT
It’s not about political leadership. That’s stupid. It’s ethnonarcissim, which is the tendency to exaggerate the positive image and importance of a race to which one belongs, and overlook or ignore negatives. Brandon wants to make it more difficult for his people – black people – to go to jail, and removing a tool that detects gunshots is another step in that direction. That’s all that this is. As for the inspector general’s report that cops could only verify 10% of all shootings caught on shot spotter is complete nonsense. I have a bird app on my phone that can… Read more »