-- 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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In Central Illinois, most employers put in EF5 rated shelters for employees. When you live where tornado’s run every year, having a proper shelter seems basic.
Here comes another Building Code Task Force. Maybe two. A Building Task Force and a Code Task Force. Tasks forces to Infinity and Beyond!
Of course, we need to re-examine building codes to prevent tornadoes. Jabba thinks you can prevent everything! He might want to implement new policies and codes to prevent diseases caused by morbid obesity.