-- 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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Them kids just being silly! That’s what we all did as kids – steal cars. Me and my friends, during the 70’s, we’d just smoke a doobie behind the garage, listen to some Floyd, put in a few drops of the Visine. Afterwards, we’d steal cars, joy ride around town, and then threaten at gunpoint to murder innocents if they didn’t comply with our demand to turn over their possessions. Them was good times, thank goodness we all grew out of that phase, and become lawyers, doctors and college professors. Just to think, we could have been caught, and them… Read more »