-- 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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Heyjackass.com reports 13 killed; 31 wounded.
No matter how you count it, nameless/faceless victims in Chicago died this past weekend. And the nameless/faceless wounded? Well, their lives have changed dramatically. Gunshot wounds can mean anything from a graze wound to destroyed limbs, lost brain function, blindness and/or mobility, saying nothing about the psychological trauma.
Will the victims who survived seek revenge? Will victims’ friends and families seek vengeance and perpetrate the killing? Only time will tell.
Making excuses for this conduct doesn’t help the situation.
Parents! Where are your children???
This is just the beginning; warm weather is coming on fast. Then the fun will really begin.
No crime enforcement has led to a Chitty where the criminals run the streets. They should offer free liquor, food and dancing girls.