-- 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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Most are probably running unopposed so it doesn’t matter how many show up and that’s why the election isn’t postponed. If no one shows up most will still be in office. According to WTTW even election judges are dropping out for fear of the virus and you can get certified on the spot without any classes taken. The real virus resides in Springfield and there is no vaccine for that. Not now / Not ever.