-- 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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Maybe ex-cons who attend program can learn to milk cows too. Many Midwest dairy farmers rely upon undocumented migrant-labor to run their labor-intensive dairy farms.
They’re starting to use machines more and more for animal husbandry and crop harvesting. It’s pretty amazing stuff actually. Youtube some videos to see robots shaking cherry and olive trees, automated carrot/potato/onion harvesting, robot strawberry and raspberry picking. Northern Europe, with the fewest north african migrants, has been at the forefront of machine adoption, because they can’t get people to work in their fields (or their government flat out reject immigrants). Squatting to pick crops is a 10,000 year old technology and it’s about a time a robot does it for us.
Nothing new here. In the Texas of yesteryear inmates were required to grow and eat their own food so as not to burden the law abiding.
I think a federal judge called this prison practice “cruel and unusual.”