-- 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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Felonies manning the casino stations? What could be sensible about that idea?
There’s this assumption that jobs somehow prevent criminality. I’m not entirely sure I agree with this.
That, Debstor, is putting it mildly.
Why not hire reformed-alcoholics as bartenders and convicted carjackers as valets?
The world is going quite mad!