-- 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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Of course the least expensive way to somewhat mitigate the lead problem is the removal of Chloramine and fluoride from the water supply which leach lead from the pipes. But officials are looking at the most expensive and longest way first.
https://pubmed.ncbi.nlm.nih.gov/17697714/
https://www.sciencedirect.com/science/article/abs/pii/S0161813X07001404
https://fluoridealert.org/news/chloramine-lead-pipes-fluoride-contaminated-tap-water/