-- 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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Lots of kids living in their parents’ basement smoking pot and playing video games.
What was not purchased for $2Bill?
That ain’t all that’s higher than ever in Illinois everywhere you go that’s all you smell, thanks for violating me.
Where did all that mine go?
Is celebrating higher drug sales really a reason to celebrate? These are the same people that celebrate abortions…