-- 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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I hope the governors goon squad get over to Bridgeview, the notice has gone out to all residents to be mindful of additional traffic and persons attending the huge ramadan celebration, expecting thousands of participants. Say what? Memorial Day events everywhere are cancelled, people are bullied into wearing masks and social distancing every minute of every day, yet these mooslims can congregate and party??? Something is horribly wrong here.
Great century this has been so far, eh?
Still waiting for proof that the Dictator for Life is installing enough electric car chargers in his renovated mansion