-- 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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While none of us are in favor of medieval conditions in prison, we have to remember these women have done something to land them in a maximum security prison. I’m sure, like the new prisons being proposed, when they opened they were state of the art and as nice as they needed to be. Like public housing, it was soon torn up and we can’t be expected to keep repairing it on a daily basis. If people want to smear whatever everywhere and generally destroy the place to continue their quest to get back at society, let them live with… Read more »