-- 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 happened to balance? We’ve lost our sense of balance in this viral panic.” Not ‘WE’. ‘We’ have not lost our balance. It’s the government and the bureaucrats that have lost balance. Lori’s plan to never reopen Chicago shows that she is the one who has lost her balance. Even Jabba said summer camps for kids can’t reopen until stage four and only less than 50 people. So, if kids can’t go to summer camps, that means parents can’t work this summer, and it’s going to cause additional hardship. No worries, many parents will be ‘summer camping’ this summer when… Read more »
When the parents go back to work and the child needs to be going to summer camp and can’t because Jabba says that they can not—-tell Pritzker to get out the wallet and pay for sitters or a nanny