-- 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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The Federal government doesn’t give a rat’s patootie who they allow into our country, but Tinley Park expects background checks on bus passengers?
Hey, Tinley Park … perhaps you haven’t heard, Illinois is a sanctuary state.
All are welcome!
“The new ordinance also requires bus companies to provide background checks of their passengers.”
Our government should look into this novel approach.