-- 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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The AWFLs and beta males that promote this type of legislation suffered a setback?
<grin>
Our local high school is called “Indians” in honor of the native tribes who lived in the area way back when. A few “woke” protesters demanded that the name be removed as it was offensive. A non binding survey was conducted among students and residents of the school district and 98% of the votes were to retain the mascot name. Why in the world are we expected to cater to a very small minority of people who get offended when you say hello to them. Mentally ill people is the answer.