-- 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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Young people on the South and West sides of Chicago aren’t getting the equal opportunity they deserve Deserve is the operative word. Last I checked, in general, sex is a voluntary activity and ergo so is the resultant procreation. The young people’s existence is the result of choices their parents made. One of them is to chose to have children in an environment similar to Beirut. That is a choice. Children are a parental responsibility. The young people are getting exactly what they deserve. They are inheriting the exact legacy their parents chose for them. The obvious solution is for… Read more »