-- 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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““People know there’s discrimination still in the LGBT community. But if we’re going to help LGBT businesses, we need to do it in a fair and equitable way that’s verifiable…I don’t want to get pigeonholed [into saying], ‘It’s a choice.’ People can come out” or not, he said. ” Everybody in the most 2nd most liberal city in 600 miles (madison, WI being #1) in any direction is a g.d. victim, all the time. Everyone is a victim. Discrimination is everywhere. Who are the victimizers? Well, they’re not MAGA supporter because they are only 1 in 10 and they are… Read more »