-- 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 wonder if those enrolled are concerned about the progressive income tax passing?
Even Huffpo, as progressive as it gets, recognizes that, it just might be possible, that when you give people lots of free food, they get fat.
5/5/2015
“Food Stamp Recipients More Likely To Be Obese, Study Finds”
Most Americans are heavier than they should be, of course, but a U.S. Department of Agriculture study delving into National Health and Nutrition Examination Survey data from 2007 through 2010 found Americans on food stamps were more likely to be obese than other groups — including people who didn’t receive benefits even though they were poor enough to qualify.
https://www.huffpost.com/entry/food-stamps-obesity_n_7204824