-- 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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Yet according to another article posted on Wirepoints, 75% of black voters support Pritzker.
“If you think about someone selling DVDs or selling socks, those are informal workers. You think about the bucket boys. Those are also informal workers,” We used to call the them vagrants, criminals and tax cheats, but like everything else these days, the defintion of ‘worker’ has changed. Also, the assumption underlying the CBO Collective’s missoin is that the community wants to work. I don’t believe this is a proper assumption to make. I have extended family members that operate in the informal economy, and use nearly all government benefits, and they very idea of working 40 hours a week… Read more »
So does an open southern border with free transport to points North and points East help the black unemployment in any way?