-- 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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Why are people upset? This is simply a matter of implementing DEI initiatives to include everyone. The thugs and gangbangers don’t want their Asian brothers and sisters to feel excluded from the rampant violent crime.
Bruce Lee is more likely to help rectify this situation than TPTB.
Crime is down.
Chinatown will relocate to Naperville before long. Naperville is already something like 20% Chinese already I read somewhere. Before long Bridgeport will disappear too, how it managed to make it these past 70 years while they have been surrounded by blight is a mystery to me. The other southside hold out, Canaryville, fell to blight a long time ago.