-- 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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Please just pick a time and stick with it. Everyone will adjust to it and it will be easier than this nonsense of changing every 6 months for an hour.
Do none of these people remember what a flop year round DST was the last time it was tried? It started in January 1974 as an “energy crisis” measure and everyone hated it, as I recall, because it was still dark at 8 in the morning and kids (like me) were going to school and parents going to work in the dark. Congress backpedaled on that the very next year and went back to the old April-to-October schedule for DST, which I don’t recall people complaining about nearly as much as they do today.