-- 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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About time. War should be over tonight. If not send the kids over there first class via a military transport aircraft like a C-5A Galaxy.
And then wonder why your kids are uneducated, indoctrinated , unemployable sheep. Oh, that’s right, it’s because of white male privilege, and not because they are wasting time better spent learning walking around with stupid signs supporting a terrorist group that now wants a ceasefire.