-- 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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Wow, what’s not to like — she checks a few boxes for diversity — not all the boxes, but enough !!
And for substance, what could be better? She believes in the future !
And will no doubt make sure that EVERYONE gets out to vote (she’s on the Board of Advisors of “Let America Vote”, along with 20 other hard-core Leftists. Their goal is to “Protect American Democracy from the Trump Administration”…..ie. they must believe that Trump’s trying to destroy our democracy. Sigh.
Sinecure piled upon sinecure, all piled on current and future taxpayers.
Regarding sinecures, I’d like to add a quote from the U.S. Supreme Court: “The promised compensation for services actually performed and accepted during the continuance of the particular agency may undoubtedly be claimed, both upon principles of compact and of equity; but to insist beyond this on the perpetuation of a public policy either useless or detrimental, and upon a reward for acts neither desired nor performed, would appear to be reconcilable with neither common justice nor common sense. The establishment of such a principle would arrest, necessarily, everything like progress or improvement in government; or, if changes should be… Read more »
the above makes too much sense to take seriously