-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
I just finished reading an article about plastic pollution in oceans. 95% of all plastic debris comes from Asia. The rivers are just sewers where all garbage is dumped. The USA is so far down the list it’s blatently obvious the USA is very conscious about how waste it treated and are not responsible for the plastic waste issue. China, India, Vietnam, Indonesia are the culprits. On another note another note a local McDonald’s is on the plastic straw kick. Order a beverage and it’s served in a plastic cup with a plastic lid but if you want a plastic… Read more »
Instead of providing a path for a better solution, they just create a new rule to inhibit commerce. These pol’s are too stupid to lead.
Does anyone remember when Lisa Madigan sued FanDuel and Draft Kings? Instead of creating a welcoming path for them to locate in the city/state and create long term financial returns, our idiot Pol’s extract a one time payment and pass out the high fives
Illinois Democrat Wage War On Business With Goofy Green Ban On Takeout Containers
Why are republicans voting for this ideological nonsense? Have you ever tried using paper straws? They’re awful. And you’re just ingesting whatever chemical they use to coat the straw.