-- 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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Is this silly childish crap still going on omg
Of Course it’s the State of Confusion?
I continue to ignore the list of prohibited states.
This restriction is to make sure the sheep don’t find out about the absence of vax and mask mandates in other states and worse, that residents are living normal lives there. Maryland must be as crazy as IL if they are “allowing” people to travel there.