-- 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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Kennedy wants to remove fluoride from our water supply. About time. This is what fluoride does to lead pipes.
https://www.ewg.org/news-insights/news/chloramine-lead-pipes-fluoride-contaminated-tap-water
will direct hire city water dept unions (operators 150) be able to get away with bilking taxpayers with $30g per lead waterline replacement as fed funds presumably dry up under a trump administration when nationally other municipalities are replacing lead waterlines for a fraction of cost??