-- 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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Do insurance companies charge more if a convicted arsonist lives in a home?
Simple fix. Policies will be rewritten to exclude coverage for Pit Bull owners.
This might be the best solution of all. There’s no reason why a pit bull owner should be charged the same rate as a cairn terrier. One dog has thousands of claims a year and the other dog has probably zero claims a year.