-- 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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Perhaps we can take all of Chicago’s politicians on a tour of this wreck…and leave them there.
I had no idea that there even was a “Michigan Shipwreck Research Association,” nor that they have a film festival. Thanks to WBBM 780 for posting this, and to Wirepoints for relaying it.
The Discovery channel show Expedition Unknown with Josh Gates has featured them once or twice. Extremely fascinating stuff:
https://www.discovery.com/shows/expedition-unknown/the-mystery-of-northwest-flight-2501-pictures
See, climate change was happening in 1886, with wildfires in Wisconsin raging out of control.