-- 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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“It only works if everyone does it!” (said with bulging eyes and pursed lips)
The rally cry of petty little authoritarians.
There are several contagious diseases that are far riskier to children. These parents should just get their plastic bubbles now and set up the basement to protect little Jimmy and Susie.
Some parents can’t gulp the Kool-Aid fast enough.