-- 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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JP and BJ always say they want to help the poor………just send the bills to them!!
What bunch of crap. We pay for it because
The idiots in Springfield past a law that protects the utilities and their receivables.
They get to dicey up all non-collectible bills
And spread it to paying customers.
Hell I wish I didn’t have to pay my utilities.
Thank the “ usual gang of idiots” in
Springfield for this one.
The costs just get added on to the people who do pay their bills sooner or later.
Everyone is doing this Year Zero thing where everyone fakes like HOT WEATHER HAS NEVER HAPPENED BEFORE. A several day stretch of 90 degree weather for several days in June is not uncommon in Chicago’s history but everyone is making it out to be like this is craziness. Europe is getting in on this too, they’re using deep red colors across England because it hits 80 degrees, calling it a ‘heat wave’ even though this perfectly normal.