-- 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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So much for all that talk that there is no danger in smoking weed and it is less dangerous than alcohol. I also seem to recall about 20, 30 years back a bunch of pharmaceutical companies telling us opiate based painkillers would not be additive. We have all seen how that went!
Well kudos to our brain dead politicians! Let’s handicap an entire generation due to drug use. Increases in schizophrenia (proven by studies), more car accidents, rising health care costs (physical and mental health), rising auto insurance costs and a sharp increase in very young juvenile drug overdoses because dimwit parents don’t have the sense to keep the edibles away from the kids! Let’s not even get into the arguments about marijuana being a gateway drug – IT IS!!!!!! Gee! What could go wrong with recreational legalization!!!!!!
A Danish study came to the same conclusions years ago. Nothing like toking until one’s brain drizzles out their ears and becomes another burden on the state’s social services program.
The kids live in the parents’ basement and get high and play video games all day.
This is Illinois future. The productive college graduates are leaving the state or not coming back to begin with.