-- 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 IEEE(Institute of Electrical and Electronic Engineers) as well as the NRA both have a problem where perhaps less than 2% of their members actually vote for their leadership. The IEEE, lead by college professors, instituted approval voting about forty years ago after a working engineer came within 100 votes of winning the presidency (filling classes and keeping worker income low). Alaska got stuck with a woke Democratic senator recently due to approval voting. Only the woke and POC would go for this lunacy.
Ranked choice would be Democrat vote fraud on steroids