-- 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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Thank the heavens that “pregnant people” can now get choline supplements covered by insurance. Amazon lists those supplements for about $9. We sure needed a modification to the insurance code for a $9 supplement! Hope those pregnant people appreciate the help, especially the men!
Way to go, champ! Too bad your budget needs even more tax dollars wrung out of anemic taxpayers pockets, another bi- annual gas tax in a couple of weeks and a temporary hold on the biggest crying baby in the tax dependent nursery, the CTA ( twin sister of the CTU ) , who is saving up its energy to piss and moan in the fall session until it gets what it wants.