-- 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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Maybe AI will be like Skynet and become self aware and eliminate useless politicians. I’ll Be Back! (with another comment).
That is possible in the private sector.
Impossible in the Public Sector, they will hire more people to use AI so the others can do even less than they do now. No such thing as a public sector layoff.
Those 10-15M illegals Biden ushered in are going to come in handy, no? I’ll bet that they are as tech savvy as Bill Gates.