-- 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’ve tried on my end to see a temporary ban on burning yard waste in rural areas to no avail. Called the news media/health department/local and state reps/senator/etc. Nothing! Sometimes it looks like California fires on a nice day. A few of my neighbors are curtailing but it’s a right of passage to burn without any thought of those who have asthma-COPD-bronchitis-emphysema. Very few care and it’s not on the radar in Springfield. What to do??