-- 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 would be insightful to delve into the specific details of the new state labor law in question and understand the concerns that temporary staffing agencies may have regarding its implementation. Assessing the perspectives from both sides—those advocating for the law and the staffing agencies seeking to block it—can provide a more comprehensive understanding of the situation. I would be interested to hear more about the arguments and considerations being put forth by both proponents and opponents of the law. This dialogue is essential in shaping fair and effective regulations that not only protect workers’ rights but also consider the… Read more »