-- 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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Good but not good enough. It should be 20% or 30%. You “people” deserve only the best.
Once upon a time not paying sales tax was another bonus of online shopping. If Old Joe was lucky the shipping charge was less than the uncollected sales tax.
There used to be a time when you didn’t even look at your receipt. Now you look and check to be sure the item rung up correctly, that the cashier didn’t make a mistake, before shaking your head in disbelief.