-- 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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Because apparently the virus can tell when you are downstate or in the limits of Chicago.
The “doctors” who follow the science are spewing this stuff.
And most of the people in this industry will re-elect Lighthead. No doubt.
Absolutely right Mr. Burdell. All of the the bar and restaurant workers should go to the alderman, mayor and governor that THEY voted for and complain, because it is getting really tough to feel sorry for them any longer. What is it going to take to get Chicagoans to stop voting for the same incompetents over and over. Not sure we are there even yet.