-- 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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Postal workers are exempt from vaccine mandates, OK Lori get on that. You seem to think everyone else needs your mandates. Years ago I was in line at the downtown post office for 30 minutes. When I finally got to the counter the postal teller put the Closed badge up on her station and said right to my face, “I’m going to lunch” and turned her back.
The mail delivery service has been bad for a while in my area. I wasn’t aware of whether this was also the case in other areas.
A round of complaints was supposedly attempted last year. So, it’s hard to believe this getting resolved in Washington.
Takes upwards three weeks for a business letter to travel one-mile within downtown. USPS employees in Chicago work one-speed: SLOOOOOOOW, if at all.