-- 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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Lori is just marking time hoping it becomes so bad someone else will be tasked with cleaning it up, like Elhandjob Myorkas.
The long term truth to crime has been known for centuries, but is ignored by what passes for leadership in Chiraq. The police have their hands tied by well meaning but clueless leaders. Until the police are allowed to be police again, the criminals will continue their activities without fear of consequences. The solution is tried and true and amazingly simple, arrest, prosecute and incarcerate. It has worked before and will work again although it will take some years to get back to a normal lower level of crime.