-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Living in their parents’ basement, smoking pot and play video games. Beats working any day.
Gaming while munching gummies or riding around smoking pot with friends is definitely more fun than sitting in a bar says Gen Z.
When you rarely look up from your phone or even bother to leave the gamer chair, it’s hard to order a drink at a bar.
This tea-totaling in isolation also explains some of the mental illnesses seen in this generation.
Sissy’s!