-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
My goodness, there is so much in this article, I could make 100 comments: ““Its ugly to me and will always be,” said Shirley Moten, who has lost three sons to the city’s gun violence. “Eventually I want to leave. I don’t see it getting better. Day after day, it’s more killings and more families missing someone.”” Eventually? You lost three children to gang violence and you STILL stay? If this doesn’t make you leave, what will? Seriously, what is wrong with you? Is some diverse apartment complex out in Niles or River Grove so bad? It’s not like those… Read more »
How about raising your children right? The violence is the community is you, your children, your nephews, your brothers, your baby daddy’s. How about that? It’s not some foreign invader bringing violence like the Nazis invading France or Poland. It is your community that is the cause of the violence and simply holding hands on some Saturday afternoon is meaningless virtue signaling. My white family was raised poor and no one in my family has ever shot anyone. So it isn’t being poor, it isn’t systemic racism. It’s the members of your community picking up guns and shooting each other.… Read more »
Amen, debtsor.
All we hear about anymore is about a cop who shot a completely “innocent” young black man. Never about the constant black on black crime resulting from an extensive gang network that elected leaders refuse to discuss or address. It is completely ridiculous. The media is complicit in this as well. It will never change. Pritzker is going to drive even more people out of this state by redistributing money into these hell hole neighborhoods. People are sick and tired of this charade.