-- 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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Floods are indeed racist, along with most everything else. Just ask someone on the reparations committee.
We have to be careful though, perhaps Floods are simply acting out because of the negative connotation associated with the label “Flood” that has been placed on it, perhaps we should ask the Flood what it’s pronouns are and perhaps how it identifies…then we can develop a formal day to celebrate the Flood and perhaps even have flag. Then and only then can the Flood be Free.