-- 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
Someone is buying these converters. They should be held accountable when purchasing these converters. Junk yards should require identification as to which car it belongs along with photo ID’s of the seller. If the seller has an auto shop show some ID’s.
Absolutely correct. It’s time to end this charade. Too bad Jabba and Brando don’t support it. They don’t want to take this illegal cottage industry away from the thugs and gangbangers, so they look the other way and do nothing. It’s another form of reparations for the historically under-invested communities!
Fred, in Detroit they do require documentation to sell catalytic converters and there’s less of an incentive to this crime.
Increase accountability in Illinois they load up the converters and ship them out of state.
Always a market for the metals