-- 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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But like Brandon says , there just kids with nothing to do. He’s an idiot. And if all news outlets would start showing this on tv and in print maybe more pressure would be put on the brainless mayor to do something about it
Turning a blind eye to mob actions does not solve the problem. When this activity stats, block all exits. With large city trucks. Arrest those caught and impound all cars. Legal residents can get their cars back free of charge. Bangers will have to pay hefty fines to get cars back.
Our culture has always glorified this kind of crud.