-- 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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I do believe that most recyclable items are just thrown in the trash these days as nearly all Asian countries now reject the world’s raw recyclable material export.
Yup, theres a glut of paper/plastic reyclables, no market for the stuff, would be more eco friendly & less expensive to put in landfill….but sure this study is more about streets & san unions trying to get thier jobs back from contract recycling contractors,( even though they have private sector union drivers)