-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Gosh, I am so happy my government is protecting me from the nasty Plastic bottles. Aren’t their bigger issues for these jackasses to address??
Hotels are already replacing small plastic bottles of personal products with plastic pump bottles of personal products attached to bathroom walls as a cost saving measure. They don’t need government morons to help them do what is in their own best interest, thank you very much.
“Senate Bill 2960 would require hotels to stop giving out small plastic bottles of personal products.”
LET’S KILL OUR TOURISM INDUSTRY ALREADY ON LIFE SUPPORT! MAKE EVERY TOURIST WHO COMES TO CHICAGO RUN TO WALGREENS OR CVS AND BUY BASIC TOILETRIES.
These people are idiots, complete morons. Yet, I look at election results tonight, and they’re all re-elected uncontested, with no Republican challenger. It makes me so sad.