-- 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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Same thing up here in Evanston, the once – nice library is now a pesthole of filthy mentally and drugged- – out vagrants. I worked there out of an office for several years and it was really squalid, with usually daily “incidents”, some including weapons, assault, etc. The public restrooms became basically unusable because of junkies/bums shooting up, taking “baths” and washing their clothes in the sinks, sleeping in the stalls, and exposing themselves to little kids, etcetera… The EPL’s “solutions” were having “de – escalation trainings” for staff, hiring a “social worker” to deal with this scum, and making… Read more »
So, now you can’t even go to a library in Chicago without worrying about getting mugged. Nice going, Cook County and Chicago “leaders.”
Wait until they open the, in Six Percent’s words, beautiful Obama library that will benefit CHI and the whole nation, and then they can congregate there.
Once upon a time husbandry of a public asset was derigour. Now they double as homeless shelters.
What baffles me is if these clients spent more time in the library as youths they wouldn’t be living there now!