-- 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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I once had a conversation with a coworker who went to public schools. He asked me if the nuns smacked me alot. I said no, they only had to smack me once!
Gee, I don’t remember any cops in my Catholic school in the 1960’s. The nuns were though as nails. I wonder what changed?
The nuns weapons of choice were the Ruler and Paddle.
Good memories Freddy! We had a nun who threw chalk at students, along with the ruler.
Young people think we are making this up!
And throwing chalkboard erasers at you. (At me, actually.)
Nuns were tough – might not have appreciated it as a kid, but I’m surely grateful now.