-- 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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Just a thought that maybe many behind the wheel are driving overly cautious because they aren’t legally operating a motor vehicle in the first place.
EXCELLENT POINT……and could that be why car insurance has doubled?
Those that aren’t legally operating a motor vehicle in the first place are young males who don’t speak English who’ve arrived in America since January 20th, 2021. They’re the last people in the world that drive carefully, they’re actually driving very recklessly. They don’t have license or insurance or even valid IDs. They are clogging up the court system.