-- 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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Who are the poor folks Gona have to steal and rob from if you fire 50% of the postal delivery pilgrims.
How about just delivering the mail every other day with a postal worker doing 2 different routes one each day, and FIRE 1/2 of them and STOP LOSING BILLIONS EVERY YEAR!
I don’t know how to explain to you that public services aren’t supposed to make money.
LOL yes they are, with a minimal level of subsidy.
Neither are they supposed to hemorrhage it while providing sporadic, slipshod service in an age of e- mails, direct deposits and other factors that have drastically lightened the load of important mail being delivered.