-- 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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HIPPA Act may be a giant hurdle to overcome as paramedics etc fall into the category covered by that law.
Not a horrible idea, but very true on the HIPPA, as well as this being another unfunded mandate. The cameras aren’t expensive, but the storage of the videos is VERY costly.
Do these idiots sit around all day and think of stupid meaningless $hit to do?
Yes
Politicians first!
That was my first thought. Bodycams on all the pols
Amen!