-- 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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Postal police were once respected by citizens and feared by mail thieves. Now, in Bidenworld where the Covid stimulus checks are mailed in mass on debit cards and stolen in mass by criminals, if yu report the theft, you get a post card from USPS police saying thanks we’ll look into it.
The mailman needs to pack (and I don’t mean mail) a service weapon like the cops get, ammo and range time as part of his job training!