-- 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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Let me simply matters: we have all come into contact with somebody previously exposed to the virus. JB please send the check to the charity of my choice and not some lazy pos bum you are about to hire for this silliness.
Nanny state
Hmmmm….an ‘army’ of new and unionized government employees that will never leave the payroll….
Yeah, we can afford that…
What will the cost of health care for the new state union employment of these watchers .I bet we owe them double on sundays.