-- 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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Gettleman and Pritzker, Pritzker and Gettleman … what do they have in common
Let me count the ways.
Judge tosses First Amendment
“Gettleman was nominated by President Bill Clinton on August 16, 1994.”
Thank God the Senate is confirming all those vacancies. Hopefully President Trump will get a few more SCOTUS nominees.
Need I say anything more?