-- 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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“The governor explained the importance of surrounding himself with people who could explain the depth of feeling communities of color had following the murder of George Floyd.” !!!!it was an overdose while in police custody. there is a trial that will happen regarding this. :”One member came into his office breaking down into tears and anger.“He was expressing to me what it is that he felt about what was going on,” Pritzker said. “He didn’t know exactly what he needed to do, but he felt like we needed to do something.” !!! Fire this person, they are crazy, don’t belong… Read more »