-- 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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Does anyone know the race of the victim?
Is there anything in chicago that is worth risking your life for? I don’t think there is. This kid looked to be the kind of kid of which any parent would be proud. If there are relatives in the cesspool of chicago, invite them out to visit you in the burbs. They will be safer and will probably enjoy getting out of the shooting gallery that Larry Lightfoot cannot and will not control.
In an alley in Austin!
Let’s just say if you live in Northbrook that going to the Austin neighborhood on the westside isnt the smartest move one could make. That territory is murder capitol.