-- 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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I’m totally for marijuana legalization but look at them celebrating. They’re celebrating a bunch of potheads. Like being a degenerate dope smoker is something to be proud of. I feel like this state has taken such a far turn to the left, it’s like the loudest voices on twitter now run the politics of the state. And we all know that twitter is not real life.
This is now the state of Pottersville. Next is probably legalizing prostitution. Then what? Legal corruption without consequences. Remember Addams Family. Be Afraid be Very Afraid.