-- 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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The Gold coast businesses should be allowed to hire security stationed at the doors armed with shotguns and be allowed to shoot anyone who tries to hold the place up. Shoot a few and this will slow down.
Notice that all Dem proposals are just insufficient attempts to fix problems previously created by an earlier Dem policy.
The Dems never stop to consider that if the thugs were in prison, they wouldn’t need to wall off the Gold Coast stores.
But Dat beez racis.