-- 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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Ya take to the streets so you can get your head blown off
My question is, “WHO did you VOTE for…!!!???” If I were a minority, I sure would be tired of being relegated to the “Democratic Party Plantation”…it’s a modern form of the old “Jim Crow”…
They don’t see the Democrat party as their problem. They see their terrible neighbors as the problem. You hear repeatedly that there are good people living in these neighborhoods. There sure are. But I question their judgment living there when there are so many other reasonably price neighborhoods that are not bad places. Eventually they will come around, hopefully.