-- 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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We just drove to Panama City beach and back. Took back roads and interstates. The roads everywhere south of Indianapolis were immaculately perfect and smooth. Illinois roads are a disgrace. Alabama had by far the best roads and most modern infrastructure on the interstates. Wonderful vacation, Illinois roads truly suck.
That’s good, they should shut all state projects down till the cost of fuel is a reasonable price again.
Will Democrats accuse these workers of greed, like they do of companies raising costs?
Cross a union? No, I don’t think so.
Too bad Cook County inmates don’t have a quarry to hammer rocks all day and make gravel.
Bring back leg irons too. Less gravel, less gravel trucks!
Fred Flintstone showed up for work every day at the Slate Rock and Gravel Company — and high gas prices didn’t slow down his foot powered car.
Hahahaha! Well done!
Good!Seek a non union company for the product.