-- 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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While I enjoy that the entire conservative world has taken to calling our leftist enemies ‘communists’ (thank you Jesse Kelly), the communists are only indirectly responsible. They are anti-police, and the defund police movement clearly creates more criminals, and with more criminals, then police are more likely to get murdered. the real blame is on the guy who pulled the trigger, his mother and apparently absent father, and the Larger criminal element in this subculture. I’m 100% for throwing every criminal in jail untiI they are full. That does create its own problems with unintended consequences, like more absent fathers,… Read more »