-- 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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The environmental and quality-of-life consequences of the manufacture, installation and use of (former) farm fields full of “green” 300 foot wind turbans and toxic solar panels are well known.
But, no matter, nothing to see here. Move along folks. We know what’s best for you, and the bank accounts of the multi-national corporations (many in China) who grow rich making all of this stuff that only works when the wind blows, and the sun shines.