-- 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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Community development has to come from the community. That’s how a real economy works. Make the community worth investing in, as Whole Foods, Target, and other companies have learned is not the case right now in these neighborhoods.
Anything else is chicanery and is as fake as Kamala’s appointment to the post of candidate.
Take the profits from selling a detrimental, gateway drug to mitigate the consequences of moving on to a more harmful drug. Makes sense to me.