-- 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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Articale link doesn’t work? At least form my phone
Should be fixed now. Thanks for the heads up.
Connect these dots: DOT: Judges and politicians are held harmless (indemnified) from any consequences of their own professional Malpractice. (Consider that the very textbook definition of malpractice is fulfilled whenever a higher court overturns a judge’s verdict. Yet–judges’ may not be held liable for their own professional malpractice). DOT: On the other hand, medical professionals are constantly held personally liable for a vague shifting standard of professional malpractice which has more to do with ‘jury likeability’ of plaintiff than any facts alleged. Medical professionals, unlike political o0r legal professional judges, are forced to pay for very expensive malpractice insurance…and the… Read more »
Valid point. For example I know this is off topic but if you want to appeal your property taxes or have any beef with a taxing body and ultimately need legal counsel you have to pay out of your own pocket. The taxing body(s) have their own legal staff paid for by your money thru property taxes. They are defending themselves with your money and you are defending yourself with your money. No win for taxpayers.