-- 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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Not to dismiss the incredible amount of crime in the community, but the “ Hate has no Home here “ crowd is also starting to get a taste of the outcome of their holistic approach to crime. Fortunately for them, they can move away and spread their cancer elsewhere; the community isn’t quite that lucky.
The crowd is bleeding heart pro-criminal, as long as the criminals are elsewhere.
The Black Bourgeoisie of Chicago, overwhelmingly attached to the government teat, loath the black underclass.