-- 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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an absolutely savage story…
“As I understand, Smollett’s claim, on one of the coldest days in January two brothers with a piece of rope were waiting outside his apartment building on the off chance he would get a craving for a Subway sandwich around 2 a.m. so they could shout homophobic slurs at Smollett and put the rope around his neck shaped like a noose.”
Wow,.when you put it that way, it sounds really bad.