-- 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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I say let the bear handle it in a one to one with the offender. But seriously, you can bother a bear or non-human primate but you CAN bother a human? So people are now second class to animals?
What a joke. I use the CTA and routinely people are smoking marijuana and cigarettes ON THE TRAINS, platforms and stations. Cops walk right by unable to enforce the law and the state passes more laws that are unenforceable. What a joke Illinois has become.