-- 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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This will be given a positive spin! Only 5,000! It could’ve been 15,000! Chicago Logic! Only look to the bright side! Could be the slogan ch7 Master Level Bootlickers.
As depressing (yet unsurprising) as the numbers of car thefts are in Chicago proper, what’s truly scary is the video at the link that shows car jackings and break ins in collar county suburbs. Obviously if you can, park your vehicle in the garage if you have one, and lock it while it’s in the garage. If you have to leave your car in a parking lot, driveway, or street, lock it and if you have a garage door opener, take it in with you. Damn, it’s depressing to see this. It’s like the bad old days of the 1970s… Read more »
The 1970’s are back in every way likely for an entire generation. Get used to it.
“U.S. military draft ends, Jan. 27, 1973…as the Vietnam War drew to a close, the Selective Service announced that there would be no further draft calls.
In my view today is 100x’s worse than the 70’s. At least the criminals got what they deserved in the 70’s!
I will never get used to this. It is time to stand up against what is happening today
If you don’t like what is happening today, vote straight red. The Dems are the party of lawlessness, forgiving violent criminals and paying people to sit on the couch.