-- 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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I’m surprised that there not more shootouts between carjacking hoodrats and the law abiding who wish to keep their vehicles.
They, the car jackers, probably needed a vehicle to get to work. Now that’s funny!
At least there is one group of people who are happy with life in Chicago. There has hardly been a better time to be a Yahoo Urban Male Minority Youth criminal in Chicago. Joy rides in jacked cars, driving around robbing random people at gunpoint. Happy times.
The police just smile and wave, sorta saying “boys, have all the fun you want”
Criminals are very happy with the state of play in Chicago. The criminals playground soon opens up to the whole state of Illinois. It is not the police fault of rampant crime. The Police are working by the Rules laid down to them by Politicians, individuals and groups who seem to dislike police, dislike law abiding citizens and adore the criminal.