-- 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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Can we assume just in time for the new battery plant? Stoned workers make the best assembly line workers they say.
That is pathetic. How low we’ve come as a society.
Maybe liquor stores should try that marketing line, too. “Bringing a better quality of life to the community.”
Maybe if you smoke some weed while you play video poker at the gas station you’ll feel better.