-- 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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Sanders now says free college is a right. Is water a right too? Water seems more basic than college, so why doesn’t government first eliminate all our water bills before they give someone $160,000 for a gender studies degree? Also what about the non college bound kids? Should a kid that wants to start a welding business out of HS be given a free truck, free tools and a free steel building worth $160,000 just like the ambitious gender studies student gets? When politicians start calling the stuff you can buy in life a “right” then we are economically doomed.… Read more »
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