-- 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 think it’s time we stop being so damn foolish and talking about one test over another… We need to use ALL THE TEST – at the same time! I’m talking the nasal swab (both nostrils at once), throat swab, blood work, anal swab, spit test, pee test, hair follicle and maybe like a toenail clip or something. Can’t let our guard down now! Apply these test immediately! For Free! Target the low income, less educated and unable to critically think for themselves – population and we’ll knock this thing out in no time! TEST TEST TEST… When do we… Read more »