-- 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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Do not the door hit you in the as-!
thank you, Arne, for not running.
Not too long ago, he compared we conservatives and minorities to suicide bombers in Kabul because we don’t wear masks and refused the clot shot. Probably not good for an elected political future in a city with low vaccination and mask compliance rates in minority neighborhoods. So out of touch.