-- 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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I am so relieved that google, amazon and facebook cannot collect biometrics because IL says so. Alot of people already have facial recognition or a fingerprint stored in their phone at this point, and how much confidence is there that these companies deleted all of their records. Contrast this “protection” to red light cameras all up and down the interstate, which is ok. Illinois officials have a very fine line between 1984 and what rights citizens still have in the state.