-- 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
It amazes me that the interns at The Trib could even bring themselves to be even the slightest bit critical of the lurch towards rolling blackouts amid energy shortages created by Illinois’ political animals in service to the Religion of Climate. Trib Climate acolytes have long glossed over the obvious issues created intentionally by the Cleric authors of the green energy commandments. That the temperature has refused to cooperate with even mild climate cleric predictions for over thirty years, resulting in goal posts being moved and ever more dire climate cleric warnings is still lost on the climate scammers and… Read more »
Maybe the most laughable thing in the article is this: “None of the outside experts interviewed by the Tribune blamed the climate law, Gov. JB Pritzker or the legislature for the shortfall.” Did the goofus who wrote it even read the Tribune editorial recently warning about the looming crisis because of the law? It cites, among other experts, PJM, which manages the grid in northern IL.
Another failed agenda item for Pritzker, the man who wants to take away your freedoms and take control of your life.
In IL the SJW/ DEI/ Green crowd gets the money first and then produces dubious results ( if any at all ) later.
This is grossly understated but, still, progress for the Chicago Tribune to begin to recognize it.