-- 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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just another example of an uncivilized society: thugs holding the general masses hostage by not allowing them to enjoy the nice weather outside – thanks, IL pols, for making this happen!
It’s exuberance. Not my term, but someone else’s. Criminal classes are emboldened, so they break social norms, fight in the streets, drive recklessly, commit all sorts of petty crimes at every opportunity.
Were White supremacists the problem?
Chicago’s chief exports to suburbs
— carjackers
— crime thugs
— ‘yewt’ riots