-- 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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““Real justice must include access to housing,” Stratton said. “It isn’t limited to an urban environment either,” Pritzker said. “There is injustice everywhere in the state of Illinois, and we’re going to correct it wherever it exists.” He pointed out that several cities in Illinois have per capita crime rates higher than Chicago’s.” Translation from Newspeak: We’re going to try to put THUGS into your block. You live in a low-crime area and have stuff they want (and don’t have), and THAT’S INJUSTICE. By putting THUGS into your block, they’ll take your stuff and drive down the value of your… Read more »
This is the lunatic Left’s new idea: They started in the schools, teaching children that misbehavior has no consequences, so that growing numbers of school rooms are complete chaos. Now they want to, like in CA, teach adults that there are no consequences for petty theft, property damage and other so-called minor offenses. The decline in violent crime from 1993 to 2015 was nice while it lasted. “Hugs for Thugs” gets you MORE THUGS. But this is Leftists’ notion of “the good,” where thugs have rights and victims (past and future) are frankly unimportant.
Civilization cannot coexist with people who behave as badly as they want to. Eventually, when this all comes to a head (and it will), I actually believe that we’ll break up into enclaves, some of which are orderly and evict those who refuse to behave properly, and some of which are made up of those who cannot and will not abide by civilized rules, such that the latter are places of utter savagery and very short life expectancies.