-- 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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I’ve been trying to get omnicron for the immunity gotta find that strip mall.
Go do it!
It’s gotten bad out there. Many people are soft locking down and honestly I don’t blame them. Corona was a reality but manageable for the last two years but today it’s everywhere…I know a guy that claims he caught it at a retail store in a strip mall…
“But we saw just in the last 24 hours, the number of COVID patients in the last 24 hours increase by a net of 330.”
What else would IL expect? Doctors in IL tell sick patients not not sick enough for admission to take Tylenol and get rest. If you’re high risk, maybe they’ll offer monoclonal antibodies. Then, three or four days later, when the patient is really sick, they’re finally admitted. Sounds a lot like how the rest of our state is run. Do nothing at all until it ultimately turns into a disaster.