-- 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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Lawyers have almost zero professional malpractice liability compared to medical professionals, yet lawyers’ licenses are not threatened when they decline to act.
…Unlike medical professionals, who are required to act, who must risk liability of everything they own, with every patient, whether or not they will be paid for their services.
Let that sink in for a moment.
Well when you let in millions I suppose somethings gotta give.
Never thought I would see a headline about a dire shortage of lawyers.