-- 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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What’s breathtaking, is the surge in cases in the ‘unknown’ race, according to the graph in the article. The unknown race drawfs all other races, Latinks or african-american. Literally millennia of social injustice and oppression has caused the unknown race to suffer the most of any race according to that graph. Lori, get to the bottom of the unknown race, and you will get all of the unknown race’s votes.