-- 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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Pay twice for police protection? Seems like something is wrong with this picture.
Says a lot about the cops, they produce the same results as the teachers, dismal at best.
Actually as an alternative a visit to downtown Mogadishu would be safer.
That area is scary at night — wouldn’t want to be coming home after dark
Hmm, I thought my property taxes paid for law enforcement. Where’d that money go?
We’re moving a to a Third World “two – tier” law enforcement “milieu”, Old Joe…
Like in Mexico or Nigeria or Brazil or Haiti, the wealthy folks can “buy” their own private security, and the rest of us poor besieged mopes will have to make do with a greatly – diminished law enforcement “presence”…
They’ll have to pay local thug for protection, and those thugs themselves will be under the protection of the police. Big City police forces are having a difficult time recruiting good cops, soon enough, only the corrupt ones will remain.
Yep, I wanna make Bowmanville a gated community.