-- 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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What a joke Chicago alderman! This is the utopia you want! Have fun in the zoo!
MAGA
Has this problem ever been addressed the same way public health spending is determined: by quantifying value of QALY to be ‘saved’ and quantifying maximum spending amount at which 50% of affected population would benefit? For example, there is a method to determine some compensation number at which ‘enough’ workers will fill jobs in hazardous circumstances. In Chicago, there may be some compensation number sufficient to contractually obligate (with clawback provisions) a critical mass of gang members or leaders to modify work practices to the benefit of themselves and engendering a leveraged beneficial effect on public safety. If leaders are… Read more »
Homicide victims so far this year. 83% black, 13% Hispanic, 4% all other races combined of which at least 2% became victims of a black or Hispanic killer. And the problem is……?
Ouch, the truth hurts, but at least Brown as a Black man can deliver it: BLM mission misses the tragic point that Black on Black crime is most prevalent, that Black men have highest rate of violent crime offenses, and that a Black murder-victim is most likely to be killed by another Black person as a result of intended violence.
I’ve thought about this a lot, and I think Black on Black crime is the point. Some members of the community have decided for everyone else street justice is preferable to government justice. The urban Black communities live this way already with low clearance rates and the ‘no snitching’ culture very much enforced. There’s really no other explanation. The black community that wants law and order left the urban areas for the suburban eons ago. I know that the surveys supposedly say that black communities want more police but it sure doesn’t seem like that with the inner city culture.
What is the root cause of the shootings! They all know but will not discuss! Cowards!
Why take a job where it’s so easy for people put responsibility for their own failures (to raise well adjusted human beings) on to you?