-- 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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It’s not what you know, it’s who you know
It might be cheaper just to buy it from the guy down the block who grows it in his closet instead of buying it legally.
Which makes me wonder if-come January 1-we see them passing a new law with draconian penalties for selling outside of state approved dispensaries.
There’s an article if you search for it about California’s illegal dispensaries. They’re like pop-ups that just show up out of nowhere and sell by the oz, which is prohibited. The various jurisdictions have no idea who is supposed to be regulating illegal dispensaries. Police say it’s a civil issue, the state says it’s an administrative issue, the administrator say its a local issue, and so on. Hilarious stuff.