-- 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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First, disavow any connection to China and the CCP. When found out, now try and sell the connections as “ nothing to see here.” Reminds me of how “ global warming “ somehow morphed into “ climate change “ and the “ border crisis “ that Joe & Co. were loathe to even acknowledge a year ago are being made more palatable to the public. Same tiger, different stripes.