-- 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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Board Vice President and Pastor Clifford Parks seems to be unaware that the people who are involved in drugs and get arrested are the ones who have removed themselves from their families and the “community”. The communities and families are the victims, not the drug users and pushers!
So your taxing pot (once an illegal drug) to invest in areas where illegal drugs ( which are NOT taxed) are causing all sorts of problems. Why not take the profits of legal Big Pharma drugs and help people with all the side effects they get yet are never cured.
Freddy, Illinois has already spent everyone’s money for the next 100 years. If the state buys something tomorrow, that is not included. Seriously, the state could take 100% of everyone’s income and it still wouldn’t be enough. Think I’m joking? Ha ha ha I’m not joking and it’s actually funny.