-- 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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All unemployment completely unnecessary. Why? Because we have such a demand for workers that they won’t get off the sofa and take the jobs being offered. Stop all unemployment checks, drop the Link Card amounts and watch them rush out and take the jobs we are offering. One of my close relatives manages a food bank and tells me they have food rotting because people will not come in due to the huge amount of money they get on the Link Cards now. They are buying CRAP at stores to eat when they could have really good healthy food at… Read more »