-- 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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If you want a cheap high, drive the Dan Ryan with your windows open.
Drive along the roads in Illinois and that’s you smell is cannabis you see smoke pouring out of the vehicle drivers higher than a kite and that’s ok, Springfield your day of reckoning is coming lawsuits will prevail.
This the same thing as having an open bottle of Vodka in the cup holder. Officer says “I smell a strong sense of booze, I see a bottle of alcohol but I can’t search the vehicle because there’s no proof the liquor bottle is opened and actively being drank from. Complete insanity, how exactly does this make people safer on the road?