-- Connecting the dots between our economy, government and business --
"Most Americans were disgusted with what happened to Floyd. Most of us are united in wanting change. We know about the history of police and minorities. We know about police brutality over the decades, that some cops go out of their way to humiliate black men and make them kneel to the ground...We were united by our disgust and we wanted something done. But then the violent hijacked the protests, the looting and rage began, and unity was gone."
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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