-- 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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Don’t be proactive with smash and grab crews, install blockades. Don’t arrest looters and shoplifters, install heavier glass and lock everything up. Don’t arrest carjackers, sue Kia . Don’t arrest thugs robbing taco trucks, tell the owners to quit accepting cash. Such is the Dem answer to combating crime, for heavens sake don’t arrest thugs and keep them in custody.
Old Joe only had to get robbed once in Detroit.
LIKE CLOSING THE BARN DOOR AFTER THE HORSE GETS OUT