-- 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’m sure the pols are heavily in illegal pot. The pot in IL is 10 times the going price and all it did was strengthen the black market.
Some companies that were interested in getting the marijuana licenses had all the requirements in place before they were even announced, how did that happen? Other bidders for such licenses had to scramble to get of the requirements together quickly but not quickly enough. What would anyone expect in Crimeinnois?d