-- 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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This is a travesty! For too long disinvestment in these poor communities has left these enterprising young individuals without the required skills to be successful. We must immediately remedy the situation and begin teaching the lowlife thugs how to drive a stick shift!
Agreed. We will need a couple of Billion from the Fat Man to be given to the CPS to build a program to outreach to the poor communities and hire PHD’s to develop the proper curriculum to provide a well rounded understanding of the social and economic impacts of manual shift transmissions as well as the cultural impact on society.