-- 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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Yup it’s helping guide the state’s decision, 1 mask, 2 social distance, 3 wash your hands my god they say it day in day out over and over the media sounds like a broken record already give it up. We don’t need contact tracers for this crap costing taxpayers millions more in wasted money. Stop your news conferences also Pritzker you are also a broken record, yes you and internist Ezike have won the academy award for most dramatic news conference.