-- 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
Yeah, task force. Society has laws. You agree to participate in society and obey those laws. But, you break the law and shoot up other people, you need to be removed from Society. That’s called Prison. Once there, society is a little safer and you are under control, the rest of this task force, community activist crap is theater.
Another Task Force! How many do we need? Maybe a task force to oversee other task forces? Starting to look like public school administrators with a 1/2 dozen ass’t supers in every district.