-- 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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Shortage of licensed plumbers in Chicago to bid on lead pipe replacement? I believe all Chicago has to do is allow plumbers licensed by state of Illinois or from out of state to compete at bidding on lead pipe replacement. Currently Chicago licensing of plumbers is separate from state licensing of plumbers……of course the unions in control will never let this happen.
This could be what reduces crime a great deal. Leads effects on developing children could be an important factor in them being violent as adults.