-- 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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Wonder what will be age limit for smoking pot when that legalised?
I personally do not smoke & quite frankly despise it – that said – how can lawmakers say an 18 yr old is old enough to fight for this country, vote for the highest ranking position on the planet yet they’re not old enough to smoke a cigarette nor have a beer? That is ridiculous. Move it all to 21 if that’s the case.