-- 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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“So you’re saying we should do this” says Johnson’s thought bubble.
Chicago running the power system . That would be a blockbusting cluster frick
Chicago run the electric company, what could go wrong?! The company would be run by political , Democratic, and DEI hires. The company would go bankrupt. Just look at their record of running public transportation and the schools.