-- 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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JB is nothing but a coward!!!
Seems the big story is Biden wh is so worried about school closings nationally they are sending 350,000 thousands of Abbott rapid covid test to cps not jb. https://www.dailymail.co.uk/news/article-10378985/Chicago-teachers-union-defies-BIDEN-keeping-schools-closed-day.html
A inferior leader always try’s to take credit were credit is not do, hey Pritzker