-- 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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” But if you’re a skeptic, the notion of a new casino brings with it the ills of gambling: corruption, dependence and decay.””
Sorry to tell you but all of that is already here , in spades!
Gambling, dope smoking and abortions are clearly the way forward in Chicago, and all of Illinois. Great activities and something to be proud of according to Pritzker and Lightfoot. Moral rot.
Nonsense…. If you have no moral compass and are unable to process second order impact, you are in favor. If you are reasonably intelligent, you understand the benefit of opening a casino is simply a revenue grab that damages a large subset of our population who don’t understand probabilities and risk/volatility…
Whatever….
Even worse, it’s just taking money away from from Rivers in Des Plaines.
Spot on Marty, the lottery is actually a tax on the mathematically challenged.
Preying on the mental defectives. Morons think the casinos are in business to lose. The first time I went to Las Vegas, 1977; I thought I’d entered hell!
whatever it takes to fund the pensions – never mind that gambling disproportionately hurts lower-income earners – what an awful mindset