-- 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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The root of the problem: STOP COMMITTING CRIMES
In other news: jail cycling the cause for every 1 in 3 looting incident!!!
One of their sources in the story used a phrase “over-arresting”. What the hell does that mean? Over-crime committing might be a more fair characterization? Play stupid games, win stupid prizes!
They really just want to be left alone and live in their own ‘no go’ type of community, where the gangs control everything via street justice. You got a problem or a beef with a rival drug dealer? Just take it up with the local warlord drug kingpin on the block, he decides who gets that corner. And if you don’t like it, you get killed. And there ain’t no police coming to solve that crime, ever. But arbitrary street justice by a local kingpin gangbanger is better than constitutional justice from a white cop.