-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Yea, I’m worried too! In fact I’m so worried I’m going to start wearing my mask to sleep. If people actually believed this flapdoodle, they’d voluntarily wear masks all the time. Lori should replace the Covid Cowboy with Porky riding an elephant. Yahoo! Gitty up!
What a bunch of bunk… Apparently adults in our society are no longer able to determine their own ability to manage and accept risk. Pathetic.
There are adults wearing their masks in the swimming pool I use, while doing their aqua aerobics class. ( I live in Oak Park.)
I grew up in Oak Park, it’s full of nuts and virtue signaling.
They believe her to a fault, but if you listen to her talk, she is playing god while flying by the seat of her pants, and has way too much control over the city’s economy for an unelected individual.