-- 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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You want to reduce crime? Lock up the bad guys. Not difficult. Now bring me my billion dollars!
Yes, lock up the bad guys … but that doesn’t address the underlying problem: the violent culture in the poor black community. Fatherless children who are raised by the streets. Poor parenting, if any at all. Hand out, not hand up attitude. All the liberal sympathy for the ‘underserved.’ It’s become endemic to the point that blacks are considered unable to survive without government help. How insulting! Food deserts? Lack of retail? Loot and burn and that’s what happens – retail closes up shop. All blacks? of course not! A small vocal percentage of the black community ascribes to this… Read more »
To fix crime should not cost one cent!
Just do your da-ed job!
Windbag says throw money at the violence! Has this work in the past? No!
It costs zero dollars to elect officials that know how to govern. The money is there but it needs to stop lining the pockets of people that are politically connected and instead directed to effective programs. No more taxpayers dollars need to go to lost causes, we have enough of those.