-- 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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The “Cure” Act. What are Illinois legislators curing? Oh yes, for Illinois residents and visitors, these Magic little mushrooms are the perfect “SOMA” for all that ails you in life.
It’s a Brave New World Lana.
La Shawn, I’m still waiting for that brothel in Bowmanville which caters to seniors. I’m afraid you won’t get it done while I still can — sort of….
Good Godfrey! Something new to regulate and tax?
Illinois just keeps sinking.