-- 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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Unlike the silly claims Pritzker likes to make regularly, that are completely unsupported by any reputable data, the unemployment numbers are reliable, consistently computed and widely accepted. I thought JB liked to follow the science. I guess that’s only true if he agrees with the science. What a buffoon.
His favorite line is “quite frankly, they’re lying”
Ignore that man behind the curtain. Believe what I tell you. The sad fact is that the vast majority of you will.
So true, when will people think for themselves