-- 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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Erupts! That’s priceless, it just kinda happens on it’s own! What a load of drivel. Waiting for a tsk, tsk! Maybe a Harump “ We’re better than this!
Oops may work or instead of violence/chaos I coulda had a V8! moment. https://www.youtube.com/watch?v=ld8eAH0MW00
The culling of Chicago & Illinois continues.
The kill ratio is down to 13 percent so far this weekend. Recent weekends have had a 25% kill ratio. The amateurs must be out in force because the professional gang shooters have a much higher rate.