-- 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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Another Cancel Culture Crackpot Cause — This Time To Remove The Name Of Illinois Political Giant Stephen Douglas From A Chicago Neighborhood
Stephen Douglas was a Democrat, and a virulent racist. He should absolutely be removed. You see, I’m perfectly OK with damnatio memoriae for every Democrat that has ever existed. But don’t you dare try to do this to anyone else. Just Democrats. Is this hypocritical and intellectually inconsistent? Yes, totally. Do I care? No, not one bit.