-- 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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Let billionaire Pritzker and Dems pay for it. Maybe use the kickbacks?
The storage better be more adequate than the one in Morris that caught fire, evacuated the surrounding neighborhood and took a week to douse. Dems are big on “ experimental “ stuff and then crying for help when it turns into a s—t show. The Safe T Act, allowing vaping as a safe alternative to smoking and rushing headlong into a disastrous state run cannabis industry are but a few examples.
We used to have reliable energy sources that didn’t require the wind and sun.