-- 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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Once again, its idph job to regulate the 1,200 nursing homes/ long term care facilities with 100,000 residents. How can idph regulate when its (afscme) hero employees have been allowed to sit out the pandemic at home indefinitely, collecting fat checks and doing who knows what? Somebody needs to file the foia’s and find out what those idph employees heros are up to
If protestors need to use his bathroom they are out of luck.