-- 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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Democrats brag about creating jobs, since everything else about the economy is a disaster. It doesn’t do much good to create jobs if there is nobody to fill them. And of course, they didn’t *create* the jobs; the jobs were there before Democrat lockdowns.
At least there are a lot of people employed in making the Help Wanted Signs.
Hmm, could aborting 52 million babies result in a shortage of labor?
Nothing to see here … move along.