-- 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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Looks like Ill-Annoy will soon be called the state of Pottersville. Remember when Harry Bailey could not believe what he was seeing after he got his wish. Starting to look very similar. All that needed now is legalizing prostitution and we’re there. Casinos/gambling/cannabis/political corruption everywhere/abortion to the day of birth/etc. Maybe we are all in someone’s nightmare waiting to wake up. Oh Wait!! We ARE in Ill-Annoy. No nightmare just reality!
Pottersville, a perfect dystopia.
Rampant public corruption. Vices catered to. Despair everywhere. When will that scene from It’s a Wonderful Life show up in promo commercials from the Illinois visitors bureau?
The state used to discourage vices (self-harming actions undertaken with the expectation of pleasure/reward.) Now, the state plays casino and runs its own Numbers Racket and lets you play from your phone, 24/7. The state used to discourage alcohol consumption in recognition of the vice it is for many people. Now the state expands recreational intoxicant use to pot, as though somehow enabling people to indulge their vice is harmless, and will result in nifty tax revenue. Morality wasn’t some kind of outside burden dumped on people by busybodies. It is a template for understanding how the choices we make… Read more »