-- 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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Many have learned much from Chicago teachers. Piss, moan and don’t show. Mail carriers are as smart as teachers and quite a bit more important. The presumption is that the governments can’t fire everybody and sooner or later they’ll pay up. That is … they’ll make promises that can’t be kept in a rational economic system and courts will fall over themselves ordering payment in full. The bankruptcy of all governments is now obvious to most people and it makes complete sense to build up all the claims you can so there’ll be more booty for the judges to distribute… Read more »
Years ago our high rise in the Gold Coast along with a bunch of others had Danny Davis come visit and explain why the mail service was so terrible in our neighborhood. After some BS speech we got letter “stuffers”, a third party (WMBE of course) that came and stuffed the mail into the buildings’ mailboxes. The actual mail would be delivered in a sack to the lobby and thus be “on time”. The stuffers however might show up at 9pm, or not, or not even show up for days leaving our mail in a sack on the lobby floor.… Read more »
Another union that can’t get the job done
Wait a second – this COVID is a funny thing. It did not seem to attack UPS, Fed Ex, and Amazon drivers and facilities at nearly as high rates as the USPS. Those 3 companies managed to get through the Christmas season and Jan / Feb just fine. But the letter carriers union wants me to believe that it caused no mail delivery for a month? Something else is going on, and it sticks.
Not same as letter carrier issue, but in my neighborhood, as im sure in yours, the corner UPS store does everthing the post office does and more at a fraction of the hassle and im sure the cost. Will never happen, but sub out the letter carrier jobs to ups