-- 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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Chicago needs to keep lead in the water so as to keep their voters a stupid as possible. Otherwise the people might actually see through the nonstop BS that the politicians feed them!
It takes that long to make sure the right people get their beaks good and wet. They prefer long term streams of revenue vs. an envelope.
The lead lines are perfectly safe as long as the city doesn’t change the water additives, no urgency, but 50 years is ridiculous. Maybe good to go to copper, but all the worlds copper will be used up when the trillions of joules of energy we currently get from gasoline is transferred to electric cars on the grid. Oil wars will turn to lithium, Cobalt and neodymium mining wars too. Things the electric car crowd hasn’t thought of. Plastic feed lines in Chicago wont hold up either.
Fluoride is more dangerous but yet it is still added to are water.