-- 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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would be nice if in addition to lawmakers we had lawremovers
And lawmaker removers.
How populated would be the halls of government if every election also had, on the ballot, None of the above?
It’s really nice to know that banks cannot legally base hiring decisions on a candidate’s felony theft conviction, or that nursing homes cannot legally base hiring decisions on a candidate’s felony theft, assault, robbery, or (presumably) rape conviction. And I can’t wait to see the circus of 30 year old “rape” allegations go through courts. The mere accusation is conviction in this era of idiocy. We used to at least accept that he-said/she-said contests shouldn’t put a man’s head in a noose. How do you have criminal trials when the most basic question of “did a crime occur?” hinges on… Read more »
We should all get down on our needs and bow in the direction of Springfield, to honor as those that lead us out from the wilderness