-- 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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That’s a new metric they’re applying to respond with increased vigilance and over abundance of caution. They expect things they implement will explode. It wasn’t a disaster! They only killed a few!
If Lollapalooza was not a Superspreader Event, then everything about COVID-19, is and was, a great big crock of $H*T.
The proof is to be found in both Grant Park and Martha’s Vineyard…