-- 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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Instead of helping these people, they are continuing to keep them addicted. This is not compassion but a cruel way to keep people dependent. (They make a point of saying they won’t use state funding, but any taxpayer knows it is just a matter of time before they do.) Will the state have liability as they continue to “help” a person and can it potentially be held liable for the death of these people as vital organs shut down after long-term abuse? Having naloxone on site is not an excuse to allow these people to overdose, especially coming from state… Read more »