-- 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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Blm, pot head dope dealers, and the permanent victim class gets another freebie courtesy of the losers in Springfield.
What a genius. What could go wrong? Ever hear of Tulip Mania? The government has no authority to ban plants, but there would be more money to be made by controlling and taxing tomatoes. If you grow your own tomatoes, you are depriving the state of their share of taxes. Our government officials smoke too much loco weed, the only solution they know is more taxes and control. We could train youth for productivity, trades and jobs.
This is the future of Illinois? To have a greater population than ever get high on ever increasing amounts of THC in the product? All for tax revenue, which no matter how much will not put a dent in the enormous debt? This is not a comment on decriminalization, but rather a point of view over the State’s role in pushing an psycho-active drug (the users are into it to get high, and not for the CBD).
Pus-y