-- 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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Overtime is where the money is, spike the pension and make money for the rest of your life.
Wait till the overtime bill comes due for the DNC meet in Chicago. This will make it look like chump change!
Considering that protests are organized and paid for by shadow groups and participants are trained to incite, all protests should all be banned.
Contemporary protests are designed to disrupt. A trained core cadre is launched and “useful idiots” fill the ranks – believing they are part of something bigger than themselves. Citizens and law enforcement are injured, property is destroyed and lives are disrupted.
Example: BLM riots in 2020. Spontaneous? Not by a long shot.
Why should society protect and tolerate this brand of domestic terrorism?
Money spent on policing does little to prevent crime. It goes along way underpinning their take home pay. I don’t blame the cops though. They’ve learned to play Kim Foxx game.
Cops’ hands are tied – now policing is strictly reactive. Any attempt at proactive policing is punished on multiple levels.