-- 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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She owes $6,000 because the fines start to rack up pretty fast, had she paid the fine at the time, it would have been a 1/3rd of that. I’ve seen this a lot, and quite frankly, its irresponsible. Residents of those poor zip codes (of all races), as the as the victim describes herself, live in a kind of a different world – an old colleague described it as socialism but that’s not the right definition. This grandmother was out of town and let her granddaughter use the car “to get to school” and suddenly the granddaughter’s boyfriend is driving… Read more »