-- 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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yes, we have shut down the entire state (as opposed to just quarantining the elderly) because obese people can’t stop eating cheetos and drinking big gulps for a few weeks. I know this is cynical, but there’s an awful lot of truth. Sure, there are instances of Kawasaki virus, and normal people in their 20’s getting sick, and children too, but the vast, vast majority of people dying are those who lived extraordinarily unhealthy lifestyles, and now, we’re all expected to blow our live savings and put ourselves in destitute. No, I’m done with this. The evidence is in –… Read more »