-- 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
Progress to the progressive is massive increases in overdoses, traffic deaths (from drivers driving dangerously) and homicides. The drivers driving dangerously really irks me the most. I’m not going to overdose and my chance of being murdered are small, but I’m on the road, and that’s where I’m most likely to be a statistic to the progressives’ policies. I exaggerate not, every day on the highway I see a dangerous driver driving 100 mph or more weaving in and out of traffic like it’s the Indy 500. Yesterday, I was merging from the ramp to the highway, going 70 mph,… Read more »