-- 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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Am I the only one who notices that if a young black man is shot by police the media has endless TV loops about the incident but if someone who is white and gets shot gets a quick sound byte and not much press unless it involves a mass shooting? Seems like those in charge of the media are somewhat complicit with trying to start a race war. Deaths should be treated equally regardless of race but if you are black you get more coverage more bad than good. Maybe it’s just me noticing.
Off-duty cop shot in back by a black man who was with two other black men. Reverse the races and it would be non-stop media coverage, maybe a looting or two thrown in.