-- 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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Ick. The linked article loses all credibility when it so openly adores Pritzker et al. ‘Reporting” that JB and his chief of staff joke about how difficult his job is, and by implication what an amazing job JB is doing? And he “navigated” a budget crises? Plus cute downstate town is “a regional hub for reproductive health care, with nearly 11,000 abortions performed there last year”? Ick. They’ve given up even pretending to be journalists.
true and not good
If you don’t already know why Shia Kappos, the author here, is regarded as the most sycophantic bootlicker in Illinois media for Pritzker and Dems, read this article.