-- 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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Tracking violent criminals is bad. How F’ng stupid are those that oppose this?
The database is flawed. Because tracking the ever changing gang affiliations of teenagers and their hangerons, or neutrons (non-affiliated people) is a difficult task. Gangs are a part of Chicago’s black urban culture like Greek life is part of the Big 10 Lake View crowd. I was never in a sorority myself, but I know plenty of women in sororities. and often hung around them. Does that make me a sorority girl? Of course not, but to the cops on the outside looking in, I might as well be a Delta Kappa Lambda or whatever. That’s how gang life is… Read more »