-- 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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IOP, the elite of the mopery
It looks like the IOP is more of a place for deadbeat Leftists to get a check while they try and figure out what to do next in their failed lives. The IOP is unserious.
His name is Robert Francis O’Rourke. He’s appropriating Hispanic heritage when he uses a nickname which is not on his birth certificate. He’s Irish, not Hispanic.