-- 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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Cap Fax believes that IL’s dysfunctional, high tax cannabis market is a success! Nevermind that murder rates have shot up every year since cannabis was legalized…just ignore that part about the psychopathic behavior it causes!
Illinois Cannabis Rules Rip Off Consumers
Well do they get 89% higher? Enquiring minds want to know.
You’d have to be high to pay that much more for dope. Oh wait….