-- 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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That darn Trump! He closed the borders! Now, how are the drug mules from Mexico going to deliver the narcotics street gangs need to keep the turf wars going? Trump is bad for their business. After all, the cartels are capitalists just like us. They need to move product to maintain cash flow. Wasn’t that part of NAFTA?
Wait till the weather changes, the numbers will drastically increase. Same ol song crime is down- dec jan feb
7 less homicides, 5 less wounded. No cause for concern that the streets will no longer be covered in chalk outlines, it’s early in the year.