-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
I’m sharing Dr. King’s dream that we be judged not by the color of our skin but by the content of our character. We are battered daily with race, racism, systemic racism, misogyny, xenophobia, black everything (especially this month), white supremacy, transgender rights, every LGBTQ ideology under the sun, climate crisis, green initiatives … the list seems to be endless. My dream is that we not be judged by accidents of birth AND that the media will turn down the rhetoric before it’s too late. The constant drumbeat has turned normal people who once freely expressed their views into cowed… Read more »