-- 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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Can sixth grade disrupters shut down public elementary schools to call attention to their human right to have pizza for lunch? Organized trespass is a lot like a teachers’ strike. Idle selfish belligerent disruption of civilization. Pissing in everybody’s pool or punch bowl. Need to have healthy fines and suspensions and loss of privilege for offenders. Hard to draft the law but it’s time to try. PPF, what say you?
Well it couldn’t happened to a more leftist bunch…..