-- 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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Cry ‘wolf’ too often and see watch your credibility fade away.
The fear porn we’ve been fed for two years has grown thin. Knock it off and accept that COVID may just be endemic … like the flu.
My fear is that if a particularly virulent strain emerges no one will listen.
Fine job, JB, fine job.
As soon as JB gets done milking the abortion cow, he’ll be back to riding the Covid dragon. Funny how someone as obviously unhealthy as Jabba feels compelled to tell everyone in the state what needs to be done for their health.