-- 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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They are lucky the do not drive nice cars or the would take them also.
Training for the Post Office needs to include range time!
GPS the keys. Game over.
They really need some sort of electronic locks with digital keys that can be deactivated once the key is stolen.
lovely City of Chicago – visit it any time! Those who are concerned about being held up, well, you’re just overstating the risk.