-- 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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I’m guessing Mrs. Sanford lives in public housing? If so, CHA should evict these punks (who live above her).
Just think what these kids will grow up to be. You are witnessing the next generation of felons here.
That decision to remove the po- lice from schools doesn’t look so good now, does it?
What’s going to end up happening is the black community is going to administer justice on their own terms since the State refuses. That’s what it looks like when civil society breaks down, as it has in Cook County.
I guess till you light someone on fire, its not a big enough problem for government or community organizers to involve themselves in.