-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
““It’s always done under diversity, equity and inclusion, and the only thing that Black people end up being included in is more crime, more death, poverty and destruction.” This is exactly the kind of rhetoric we need to hear from the IL GOP. Don’t mince words. Tell it like it is. Everyone knows that removing the criminals from society, along with proper community support, could lead to a south side renaissance of businesses, education and culture. Crime has been, and always will be, a neighborhood destroyer. Heck, the Hammurabi code written thousands of years ago called for an eye for… Read more »
What we are facing is another Mau,Mau uprising. That did not end well for anyone.
Really slimy of Foxx to institute this policy on her way out. Let’s hope it gets reversed along with a statement that it was a bad policy motivated by nothing more than politics. When you grow up with criminals you institute policies that are favorable to the criminals.
Thought she was leaving……….for good