-- 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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Vast resources would be available to rebuild better and safer communities if the residents stopped shooting each other and did some positive things to help themselves.
Sounds like Propaganda for more of the same crony-Socialists’ TIF transfer of public funds from the many (outsiders) to the few (insiders). Novel solution: Premise: Gangs possess ‘potential energy’ (Other examples of potential energy include farmland, mineable resources like natural gas, and Mafia protection rackets). Potential energy can be monetized in advance of production. (Examples include crop futures, mining rights contracts, and extortion payments). Solution: Provide a monetization mechanism for gangs to receive direct compensation for deployment/contractually obligated refusal to deploy their ‘potential energy’. That is, pay gang members directly for refusal to commit murder, robbery and mayhem. This other… Read more »
Enough of the throwing more money down the west and south side rat hole. It hasn’t worked and won’t work now. Lori and the dummycrat garbage just want more freebies for the south and west side ghetto types to buy votes with fake violence interrupter programs and other waste like contact tracers and vaccine people trying to convince the idiots to be vaccinated.
Need to stop the crime 1st- or nothing will change
This is exciting! In a million years this will really be something to talk about. Of course the dinosaurs may be back by then but that’s even better.