-- 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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Where has the legislature been the last 18 months? They are waiting for Pritzker to bring IL out of this mess? That ship has sailed and the big guy still has executive order powers for another “season” of covid – while the rest of the country sends their kids to school without argument and gets on with their lives – IL sits in his shadow- literally and figuratively. Stand up now and then vote for real change in 2022 – or let the exodus continue!!!
Ask the legislature to intervene? The very same legislature filled with progressive goofs who make IL the most liberal abortion state in the country? They’ll have us wearing masks for a generation!