-- 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 new CROOK county?
Heard that Costco in Pleasant Prairie had regular for $2.39 last weekend and 20 minute wait time (?). Might as well pick up the new laptop at Best Buy up there also. These clowns on the Lake County Board cannot even wait to see what comes their way out of the stimmy bill before launching this. Have you noticed how the real estate market from Gurnee / Grayslake north struggles to stay flat and never appreciates? While the rest of the country has doubled in suburban markets. It’s called Democrats.