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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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And in a related story, the Diversey Yacht Club is offering a free box of ammo with every regularly priced entre.
Gun violence. Errant guns just traveling by themselves around Lincoln Park at 3:00 a.m. and just going off.
It’s a vast right wing conspiracy.
Some things are legal but not smart. Walking around at 3 AM should be OK but there is less law enforcement presence at that hour. Driving 40 MPH in the fast lane can have similar consequences. One shouldn’t blame the victim(s), but perhaps it’s not amiss to teach street smarts. The State Department reminds travelers about places that are dangerous. Parents steer toddlers away from fireplaces and traffic. Keep the bad news coming!