-- 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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When you are born with the platinum spoon in your mouth, make that a ladle for Pritzger, you are out of touch with the real world your entire life. $500 million trust fund at birth, guaranteed income from other family wealth, makes one totally unaware of the life of the average family.
Do they make electric minivans for families with three or more children? I don’t think they do.. How do apartment city dwellers charge an electric car if they park on the street? Extension cords? How do poor people pay $$$$ to upgrade the electrical box in their 100 year old bungalow to support the power requirements of charging an electric car? Our leaders think that these things just ‘happen’. They blow the horn of plenty and electric infrastructure just appears, and simple logistical issues – like how does an apartment dweller charge their street parked vehicle – is completely obvious… Read more »
I think I have a solution to two problems at the same time which is obesity and energy crisis.
https://www.onallcylinders.com/wp-content/uploads/2015/08/Screen-Shot-2014-06-10-at-4.33.09-PM-626×448.png
Losing weight and transportation on the cheap. Nothing high tech or the need for foreign made chips. Just lumber/round rocks and dinosaur skins.
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Not only is it tone deaf, his statement taunts those that weren’t born with a silver spoon in their mouth like King Pritzker. Mock the citizenry at thy own risk.