-- 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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Step one: Monetize the miles
Step two: Tax the schite out of the recipient
That Dick is a one note piano.
Between this ridiculous story, and Tammie taking on the crucial issue of sustainable airplane fuel, we are really in good hands by our two US senators. SOS! SOS! Isn’t there somebody out there who can help us?
Dick Durbin isn’t as transparent as he expects airlines to be. He wants the value of those points clearly included by the airlines so he can introduce a bill to tax the miles. He also expects credit card processors to provide their services for free. Trust me, someone is going to pay for anything Dick Durbin gets implemented, and that someone is always the taxpayer. He should dry up and blow away already.
Are you f-ing kidding me DICK?! With all that is going on in this state and all of the financial challenges that our citizens are faced with…THIS is what you spend your time on!!?? What a waste of time.
Lol… yeah, especially since these loyalty programs are exclusively utilised by affluent high – income earners… what an utterly useless goof Durbin is…