-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Axios regularly puts out drivel that insults the intelligence, but this is one of the dumbest articles I have read this week. Those responsible, including Monica Eng, clearly don’t venture out of their parents’ basements and only see the inside of a car when they Uber to and from Starbucks for their soy latte and Wi-Fi fixes, face buried in their iPhone. The market doesn’t support their desire for tiny automobiles, so they demand that the out-of-control regulatory state flex once again on their behalf. These dolts select certain models of F150’s to try and fool the readers into thinking… Read more »
LOL, i’m not even sure what is the point of the article is. There’s not a single stat showing that trucks are bad for safety which is the entire point of the article, that trucks are bad for safety. Ridiculous.