-- 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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Several months ago I had honest to god gypsy ask me for money in a grocery store. I’m in the pasta aisle with my son and some lady starts asking me for money. It took me a second to put two and two together and then I released they were gypsies, like the ones I saw during Grand Tour of Europe during college. The continent has been dealing with the scourge of pickpocketing Roma since they left India in the middle ages and now we have them here.
Grand larcenists are prowling in Springfield.
Hmm…..this sounds like the trade our new residents plied in the old country.