-- 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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It’s a federal agency. Why aren’t the Feds getting involved? Oh, they are the ones that almost got Trump killed.
We could bring the chances way down of a mail carrier being accosted or killed if we brought delivery down to a couple of days a week from 6. It could be done by not having the carriers bring junk mail any longer . 95% of the mail I get goes to the recycling bin without a second look.
But we all know the post office is mostly a government jobs program.
They really need to hold a rally at the range and a new slogan like “Neither rain, snow sleet, hood rats or hail will stop the US Mail.”