-- 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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Maybe they’re dead (but still registered to vote)? It sure isn’t because they’re in prison. JB and Lil Kim emptied the prisons as soon as they took office.
It is difficult to feel sympathy, and often I feel only anger, towards residents who choose to live in these bad neighborhoods. Chicago is major metro area and anyone can live where ever they want. Chicago is not some small town with only a couple of choices in a few neighborhoods. These residents voluntarily choose to live in bad areas because they want to be there. These neighborhoods are active, with lots of large parties, lots of gangs, crime, thug life, drug deals, murder, guns, girls, lots of pregnancies, it’s the embodiment of a drill music video. It’s the awful… Read more »
Consider this motivation … they are sick and tired of living in chaos. Not disinvestment, not lack of vision, simply crime and fear.