-- 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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Gotta keep that covid gravy train rolling! Btw, a marked increase in venereal disease is also being reported.
Strep can be very serious untreated, especially in a stressful,dirty and contaminated environment with no medical treatment, like a refugee shelter. Strep can go septic, or in my relative’s case, turn into scarlet fever, which killed my Great Aunt during WWII at age 2 before antibiotics were in widespread use. She’s buried at a Catholic Cemetery just outside of the city limits next to her parents, my Great-Grandparents, and my great-great grandparents.
Stop it with the COVID 19 already.