-- 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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Your expectations are much too high. They’ll slap some sloppy plan together and dump it on the parents. Why no plan? Use Streets and Sanitation to set up vaccination programs. This sounds like a Biden worthy plan. Everyone take the day off and go get a shot. Here are the directions, ya can read can’t you? Their incompetences are immense.