-- 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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Intentionally starved? Maybe, in the past, money may have been mal-appropriated, but in recent memory? Here’s a proxy: what was school attendance in those areas? Number of library cards? Crime per capita? How do we describe this as a failure of Chicago to fix those problems that should have been first addressed in the home? There is no government program that teaches the value of standards, expectations, and personal ownership/responsibility/integrity/agency. UBI won’t fix that…. And a court delivered system of “it’s not your fault, perp, you are the victim” has driven the results we see today. Will goofs like JB… Read more »
Illinois life gets funnier by the day
We get free gas from Lori every time she opens her mouth.
But this plan is RACIST i guess
hahahahahahahahahahahaha
Isn’t she cute! Systemic racism! It’s like dwarf describing themselves as a large midget. Hmmm…..The city Council goes along.