-- 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 average person doesn’t realize how radical and extreme CA is, particularly with their CARB. CARB could only get their emissions laws met by forcing diesel OEMs to meet a standard that would effectively make trucks air scrubbers – that’s right, what was coming out the pipe was more acceptable than what was drawn into the air intake. The diesel truckers where being used as scrubbers. Of course the cost of this lunacy was ultimately bore by consumers. These people in CA are as radical and nutty as you can find.
I sincerely cannot wait to get out of here. Family responsibilities are the last steps.
Link won’t open to read article
Fixed.
Thanks Mark, how much more stupidity can people in this state take.
That’s truly the ultimate question. How much more stupidity can they take? I fear we are not there yet.