-- 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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Free Beer? Diwali? I like Dragons Milk.
Want another holiday take the day off on your own accord.
Naaahhhh. Instead we need to pass a law for another day off. Want us to work that day???? You’ll need to pay us double time.
Oh great, another paid day off for are public sec heroes
You’re welcome. An extra paid day off is the least you could do.
What happens when Diwali (November 4) falls on Election Day?
Diwali observed on Monday. Election on Tuesday. Need to also make Election Day a holiday to help get out the vote.
Just when you think the pace of change is going to slow down after Virginia, those on the left decide it is the perfect time to double down.