-- 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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So you mean he’s sticking to what JB originally promised during Phase 5? That we can go back to pre-covid once a vaccine is widely available. https://news.wttw.com/sites/default/files/article/file-attachments/Restore%20Illinois%20-%20A%20Public%20Health%20Approach%20To%20Safely%20Reopen%20Our%20State.pdf
JB basically admits that the vaccine isn’t a vaccine, it’s a pre-infection treatment.
Taking as much of my business as I can to Elk Grove!
Thank you Mayor
We need to see much more of this from local mayors and councils. They need to grow a spine and stand up against this tyranny we have been under for almost 2 years.