-- 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 have heard some of the stories out there.There are many firearm aficionados who have at least one non working piece of junk gun they want to get rid of. It doesn’t work, or it can’t be fixed, or parts are missing. Thanks to B.D Lori those folks will be able to get some cash for those worthless hunks of metal that can only hurt someone if dropped on their foot.
True as I dumped a broken piece of crap revolver for a $100 gift card several years ago. Winning, bought more ammo for the real guns.