-- 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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Sigh, always with the race angle with some people. Would the outcome given the woman’s reportedly erratic behavior been different had she been white? That’s a question that is impossible to answer and any speculation regarding it is frankly ridiculous. This apparently was an issue of mental health, not race.
There’s a lot of discussion going on right now about reforming the Dept. of Justice in the new Trump administration, and everyone agrees that at the top of their list is reigning in a rogue civil rights division. Trump wants the civil rights division marginalized, fired, shrunk, defenestrated.