-- 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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A 5% cap on a $30 pizza bill is $1.50. Who is going to deliver a fresh, hot pizza to your house for $1.50 plus a small tip. Nobody, because it’s not cheap to have a group of people with an open business prepare and deliver a piping hot pizza to your house for $1.50. Maybe if we had drones or a fleet of semi-autonomous vehicles driving around the neighborhood, but this is ridiculous. The simple solution is to stop using grubhub or dash delivery either. Look up the restaurant, look at the menu, click the telephone number and call… Read more »