-- 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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“The investigations, which showed how unpaid tickets have sent tens of thousands of black and low-income motorists into bankruptcy, were amplified by advocates and community groups that mobilized to persuade city and state legislators to address the effects that ticketing has on low-income and minority communities.” I totally get it, the city of chicago vehicle laws are literally draconian. The amount of the fines, the costs to operate a vehicle, and there are so many reasons why your car can get towed, or booted, or ticketed. Its crazy. BUT, what part of these laws are racist? How do they specifically… Read more »