-- 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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It is just property.
If the past is prologue, BLM Chicago feels looters are entitled to merchandise during the next round of looting, because the looters need to eat.
No better Christmas gift than moving boxes, bubble wrap and a U-Haul gift card
Costco put the Christmas trees out a couple of weeks ago, as did Home Depot. I’m surprised they didn’t do a twofer and put the Easter display up as well.