-- 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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While Puffy the Big Mac’s plan may rely on science, it lacks common sense.
Do lines at the food pantry count as gatherings of more than 10 people? Or is that ‘essential’.
Megalomaniacs have this belief that if they say something, it will come to pass by the sheer force of their will. Same with how Obama loves to boast of his “scandal-free presidency”.