-- 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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Lying Pritzker says we won’t peak until mid May. Who is he to make that stupid comment intended only to hurt trump and get more cash from the taxpayers and keep the economy closed. The purpose of this is to move his and the democratic parties socialist agenda of guaranteed basic income, free rent and free money for no work. The doctor today from the Coronavirus task force says “Chicago and Boston”is flattening but Dr toilet boy Pritzker knows more. But everything will be ready and All wil be safe for lollapooloza to help rahms donor c3 and of course… Read more »