-- 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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Based on a recent mediocre state court decision in Michigan, I expect that detractors will be screaming about how Compagnie Francaise de Navigation a Vapeur v. Louisiana Board of Health allows the State to run rough-shod over religious rights. However, I suspect a federal judge will be far less likely than that state judge to ignore the question of whether intermediate or strict scrutiny applies to stay-at-home orders that infringe civil rights, especially when it involves religion.
Dictator Jabba needs a psychiatric evaluation. It’s clear that his Mussolini complex is largely rooted in an attempt to regain the manhood he lost with his wife refusing to live with him