-- 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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Highest monthly bill in history recently…just shy of $600 for a medium sized home
and thermostat set on 76 most times…74 if I splurge at night. Guess we’re paying
for all the unsightly, unproductive wind farms and solar fields to Pritzker’s glory 🙁
For what the legislatures make they should be there 365 dusting and cleaning toilets when not gouging my taxes