-- 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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Jabba has 500 beds for a 3000 bed hospital? I guess the other 2500 can just die. Thanks, Jabba!
I watched part of the Governor’s/Mayor’s speech at McCormick Pl this afternoon. JB went out of his way to praise the wonderful union construction workers, a couple dozen of what I assume to be them standing in the background, wearing their yellow vests. Doing it on their own time for the glamor, or to show appreciation that their jobs have been restored? Or collecting straight time pay? Overtime? Double time?
Too, I thought COVID-19 victims should be in rooms with negative pressure. How will they do that in the ceiling-free cubicles?
Tv may have been deceptive but it looked like they did not practice social distancing.
Maybe Bobba Fatt could offer his mansions to be used as hospitals.
Never mind, they have no toilets and are uninhabitable