-- 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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Good ole Kwame. Corruption everywhere in IL yet time, energy and resources to glom onto any coalition to influence out of state elections, tell other states how to conduct their handling of trans rights, pick fights with Trump, etc. Let the Feds handle Labor, there are several departments for that btw, and do something constructive around here for the people that elected you as a nice change of pace.