-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
The mobile murder wagon. This will attract tech startups by the thousands! Another mass shooting! Lori is too busy to comment being coiffed and choosing her getup for the mandatory photo op with the Battle group commodore, aka a gathering of blowhards. Biden is going to give Lori billions to spread around to encourage the dice boys not to shoot. I wonder if Garland will flinch meeting Lori.
I always knew those party buses were dangerous.