-- 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 term “BRA, Black Run America” was coined years back on a blog that many considered racist when all the blog did was report on issues like this. The violent activities of blacks in America. It posted monthly totals of Whites killed by blacks, it posted stories of extreme violence by black criminals, it posted about neighborhoods destroyed, crime, rioting, looting and the destruction caused by those blacks. The BRA was to show that this behavior was acceptable to those politicians in democrat controlled cities because the people responsible were never held accountable. The term was laughed at by many… Read more »
Given the arrest rate by the CPD, just know that whatever you do in Chicago, it is at your own risk.