-- 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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Ooh – citations for smoking on trains and buses. Who said Chicago doesn’t have effective law enforcement? Who said Chicago doesn’t prioritize its crime prevention efforts?
First that was banned 20 years ago. Get your head out of your butts and fix real issues.
Not the biggest problem. Crack doyon crime and the homeless sleeping on trains and in stations.
It’s nice that the packs of jackals surrounding people to beat them senseless for money, a cellphone, a pair of shoes etc. (or funnin’ as Homie terms it) on the trains aren’t smoking.
The mayor’s “smoke patrollers” will take care of it.