-- 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 we can put these missing devices in the reparations category.
For grins, let’s assume the average cost of a ‘device’ to be say $1700/ ea. That’s about 300 devices a week gone missing! Yet, no one noticed?
The unions are just thieves in every way possible for they know nothing will happen to them. Kinda like the whole city of Chicago.
Oh we’re oh we’re is my Raoul at, that’s right, boot licking.
Maybe the leadership remains silent because their computers are down!
Would a quick search on eBay help find many of the missing items…?