-- 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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And when will Chicago go after the automakers who are making the high performance cars used in street takeovers? That’s where the big bucks are!
Again look at China and the companies that import the switches to modify the Glock.
You can 3d print them VERY easily, not sure they are coming from China they are just bringing us their environmental disasters for making lithium batteries. Open acid pools…