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.
Everyone– especially if you are in the bar or restaurant business– be sure to check out the scandal developing in Nashville this am. A number of emails from the Democrat mayor’s office and health department just were released showing almost no problem with bars and restaurant and the virus. Turns out the only real problems in Nashville were in nursing homes and maybe in the construction industry. The mayor basically lied to all those poor owners/operators and to the public. Used the lie to pass a 30% property tax increase. And cost how many hundreds and thousands of workers there… Read more »