-- 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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Anything to protect the brother and sister
The more they want on phones, the less I carry or use one. Once my I phone 9 craps out I’m not getting another one. I just need a simple texting device. I think slot of people are starting to feel this way.
Good luck with that. The rest of society will use our phones to order rides, get into MLB or NFL games, trade stocks, watch Netflix while traveling on planes, and everything else that makes life easier. The rest of us that want to enjoy all society has to offer will continue to use them.
Gives the thugs robbing people on the street more incentive to steal your phone, your bank accounts and everything they can get their hands on.
This proposed law opens the door to many other devious controls only a communist governing body would love.