-- 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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Evans was an Alderman. He knows what’s going on in the streets.He knows black people, good honest, hardworking people, are not safe on the streets. He knows scores of these folks have left. He knows that what remains are poor, broken families, with harried single moms who use their uterus to get welfare and a meager existence. He knows that black politicians care even less about poor black kids than the Daley, he knows that despite 30,000 plus, per child, the average black child gets a worse education than they received in the Willis wagons. Evans, Preckwinkle, Foxx, Rahoul, Johnson,… Read more »