-- 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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Some pawn brokers are nothing but fences for Stolen’d property. The people never intend on paying the interest or picking up the items. Then the pawn store sells it on Ebay. The looser is the taxpayer who pays much higher insurance costs.
Democrats are like drug pushers trying to hook their customers on heroin and crush the competition — by hooking the poor on welfare and eliminating lenders of last resort
It’s not that brokers charge 200% interest, it’s that fools pay 200% interest