-- 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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How much does a lifeguard have to make to live close enough to work there and pay the bills? Doesn’t Illinois have a lifeguard union to negotiate a living wage. Don’t forget the 9 months off for winter.
They should hire David Hasselhoff and Pamela Anderson from Baywatch. They solved lots of crimes and on a rare occasion saved someone from drowning.
Swimming is a constitutional right
Who would want to be a lifeguard when the Crime-Thug Wilding Mobs take over the beach — and your only weapons are Ray Bans, a Speedo and a Slim Jim.
The communist destroys. That’s what the communist does. In the name of equity.