-- 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 hope this argument fails. While I feel bad for the children who suffer, the responsibility falls on two groups: 1. Primarily the gangbangers who shoot at each other; and 2. The negligent parents who choose to raise their children in a hostile environment. There are literally so many other places to raise children that are safer and cost the same or less than Austin *. But they instead choose to raise their children there. I know people that moved from Roseland – another violent neigbhorhood in Chicago – to Gary, IN because it was safer. That says a lot… Read more »
Just move. Move to a better place. You are right, and that’s not some right wing cold-hearted thing. Plenty of people on the left have started noticing that’s the key to upward mobility. Seattle has a program encouraging it as part of its housing policy.