-- 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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More help for some folks that can never seem to make ends meet no matter how enabled they are. Free this, free that, financial breaks and reduced rates as compared to other consumers and they still can’t get their act together.
Yes, there are lots of such people. Have a hint of charity in your heart. Then, be grateful if your life has been significantly better so far. To paraphrase an old saying it’s not easy to comprehend another person’s life until you’ve walked a mile in his shoes.
SHOCK…..WHAT’S THE HIDDEN MEANING FOR THAT?????