-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
The Capitol in Springfield is the spookiest. It is haunted by legislation made past-present and future.
CHI City Hall probably a close second. Soulless, self- serving ghouls of every stripe cravenly roam its halls year round.
From Ghostbusters this explains most of Illinois pols. I would add Roaming Vapors.
Class 5 includes non-human, non-intelligent entities brought about by extreme psychokinetic or emotional energy. They may also manifest as the result of ritual summoning, and may contain some minor human characteristics. According to Ray Stantz after the incident at the Sedgewick Hotel, Slimer was a Class 5.