-- 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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Priorities of the demoncrats, take care of prisoners and those in cemeteries, the base of the demoncrat party
Sent the following to the Guv: Governor Pritzker, The decision by the state and essentially yourself to include those incarcerated in Illinois prisons in category 1b is immoral, absurd, and absolutely wrong headed! Truthfully, I can’t list enough adjectives to describe my disgust with this decision. That the state would mandate that inmates are at the same risk level as my wife of 52 years and 80 year of age, is on its face no less than ridiculous. And by the way, don’t fall back on Federal Guidelines, you’re the Governor and I would suspect that you ignore guidelines every day. … Read more »