-- 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 larger civic project of combating gun violence…”
Yeah, those pesky “AI” guns just decide to randomly pop off by themselves, lol…!!!
Really sick of the notion that more money to “ the community “ will fix their self- inflicted problems. We’ve been doing it for 60 years now and it’s only created a class of lazy, entitled people.
Welfare programs bleed countries dry. I have extended relatives in the welfare system that live off pennies but refuse to get a job because it’s better to get a little for free than to work for a little more. That’s how the underclass lives and wants to live. I just spoke with them today. They’re not coming to Xmas this year because their gas guzzling jalopy will use $25 in gas round trip and they need that cash to last them until the the first of the month. They just don’t want to work, and would rather spend their time… Read more »