-- 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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Any new tools in the box for dealing with rabid, anti-Israeli, American flag burning terrorists blocking public ways screaming for a “ worldwide infintada”(sp?)? Any plans for the domestic terrorists/ demonized youths caught carrying guns with trigger switches/ extended magazines, like the one released that was caught with two such weapons the other day? Just wondering whom gets to determine which tools are used on who and when.