-- 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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Whaaat? The black wizard that can’t stop reminding us of how he’s successfully navigating every storm since being installed in office now needs help? And da gubner wants to teach us about humanity, even though his ego trip based mandates re covid were extended needlessly and he issued hundreds of emergency orders effectively crippling and ruining IL while other states were back to normal. Keep voting blue, dum dums!