-- 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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Has anyone asked the question, “Why now?!” People have been a-holes since the beginning of time. Why are people acting more jerky now on public transportation than pre-pandemic? They’re flush with more govt money then they ever received before, employment opportunities everywhere paying better wages than they’ve ever seen. These same people who rode the trains before w/ no issue and are now smoking/drinking/whatever, what was the breaking point?
COVID is not an excuse.
Maybe 5G radiation. More and more info is coming out and soon there will be 6G.
https://pubmed.ncbi.nlm.nih.gov/31991167/
George Floyd’s overdose in 2020 caused a nationwide racial reckoning. Half of America believes that George Floyd’s petty crimes – passing a counterfeit $20, not wearing a mask inside the convenience store, ingesting opioids, and resisting arrest – were not actually crimes, but instead, were evidence of a systemically racist criminal justice system. Dismantling racist structures means police no longer enforce commonly accepted social mores. Police stopped arresting jaywalkers, street walkers, loud partiers, bad drivers, fare jumpers, petty thieves, public drunks, and so on, because most of the arrestees are BIPOC. Less arrests leads to more crime and anti-social behavior.… Read more »