-- 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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Hmm, I just hope these guys don’t get around to discussing condoms.
More pointless virtue signal nonsense from General Assembly Democrats
The local McDonald’s I visited the other day is promoting the less plastic, save the planet agenda. I ordered a fish sandwich with a drink. No straws at the soda dispenser. I ask at the counter, we are cutting down on plastic straws for environmental reasons but if you ask you can get one. Ok, the drink cup is plastic, the lid is plastic and they give you your order in a brand new paper bag that almost immediately ends up in the garbage can lined with a big black plastic bag. I noticed some people ordering speciality beverages that… Read more »